7. THE FUND MANAGERS : What are there looking at !?! FUND MANAGERS (3) VERY Important Fairly Important Quality of Management Track Record and EPS Growth Quality of Earnings Corporate Strategy Relative Price Product/Brand Strengths Quality of Accounting and Disclosure Practices Communication with Investors Balance Sheet Market Share Industry Prospects Net Asset Backing Level of Borrowing Relative Yield Research Coverage Dividend Record 0 10 20 30 40 50 60 70 80 90 100 93 91 93 86 63 96 79 79 76 74 77 37 37 21 32 21
11. Strategy & Management “ Frontier” Lower Cost Differentiate Moving [A] to the frontier (“ operational excellence ”) vs taking[B] a position (“ strategic choice ”) [A] [B] You cannot be all things to all people
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17. Determinants of Performance Strategy Resources Capabilities Position Environment PIE Competitors Customers Suppliers Complementors Government Social ... Organisation People Features Activities PERFORMANCE Strategy & Management
62. Benefits and Costs of Globalisation Global Organisation Factors Industry Globalisation Drivers Global Strategy Levers The Globalisation Triangle Globalisation
63. The Globalisation Forces GOVERNMENT DRIVERS Globalisation MARKET DRIVERS COMPETITIVE DRIVERS COST DRIVERS INDUSTRY GLOBALISATION POTENTIAL
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65. ABILITY TO DEVELOP AND IMPLEMENT GLOBAL STRATEGY ORGANISATION STRUCTURE PEOPLE MANAGEMENT PROCESSES Management and Organisation Factors Affecting Global Strategy CULTURE Globalisation