Rational Model - Recap using Strategic Choice by Peter Wooley by Normahiran Yatim https://padlet.com/Normahiran/om2n0o2hkhyr Identify 5 key take-away [technical knowledge] from the article. en-us 2018-04-02 01:19:19 UTC 2018-04-02 02:28:09 UTC hello@padlet.com Strategy choice https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717539 Five Key Take Away
The ideas list
-Porter’s generic competitive strategies

-Ansoff (growth direction)
- method of growth

Suitability
-Mendelow’s stakeholder map
-BCG Matrix

Acceptability
- Mendelow’s stakeholder map (WHO)
-NPV

Feasibility
-possible
-afford
-do it in time
-skills
-legal

Sustainability
-Competitive advantage
     
                                  AZNI



]]> 2018-04-02 01:32:32 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717539 5 key take-away (ap's) https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717576 From the idea list
access:
a) suitability- will it work?/ move towards goals?/ in tune with mission & objectives? must cater the stakeholders interest using Mendelow’s stakeholder maps/ BCG matrix
b) acceptable - Using NPV / risk
c) feasibility - Is it possible? (afford/ time/ skills/ legals)
d) how to intend on complete- porter's generic competitive strategies
e) Direction and method of growth- Ansoff

Lastly, sustainability must be consider as Competitive advantage yields more benefits the longer it lasts for. ]]> 2018-04-02 01:32:50 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717576 5 key take-away from the article -zamri https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717583
1. Strategic options must be futher analysed using SAF - not all ideas and options are suitable, acceptable and feasible for our organisations.
2. Suitability- assess whether the option is in tune with our operation,  mission and objectives
3. Acceptable - whether the stakeholder is agreeable to the idea
4. Feasible - whether the idea is possible to be implemented
5. further reading- https://www.uhu.es/45122/temas/P&SC/Theme4_P&SC.pdf



 ]]> 2018-04-02 01:32:53 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717583 5 key take away from the article https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717624 1. Suitable: Will it work? Does this idea help move us towards our goals

2.Acceptable: Is the idea acceptable to our stakeholders?

3.Feasible simply means – is it possible

4. How to compete?

5. Method/direction of growth]]> 2018-04-02 01:33:09 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717624 5 key take-away( Arshad https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717684 SWOT analysis
SAF framework
Porter’s generic competitive strategies
Net Present Value (‘NPV’) analysis
BCG Matrix:
Mendelow’s stakeholder map
The SAF framework and supporting models are very much like an artist’s tools. A paintbrush doesn’t paint a world class picture; the artist does. However, better
paintbrushes help the artist to perform better.
]]> 2018-04-02 01:33:27 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717684 5 take away (tecnical knowledge) from the article SR https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717754 1.SWOT analysis to analyse 4 the internal n external factor influencing the company within the years required
2.SAF to justify your choice and to explain why some suggestions might be less suitable 
3.Mendelow’s stakeholder map may help to clarify objectives as per table.
4.Porter’s generic competitive strategies –how we intend the compete
5.Ansoff - direction of growth. should we try new product? new market?
6.Method of growth- the ‘vehicle’ we will use to enable us to grow. This could be organic (or internal) development where we hire more people, invest in machinery, and do it all ourselves
Net Present Value (‘NPV’)

]]> 2018-04-02 01:33:49 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717754 5 technical knowledge. https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717808 1. Analyse the business by using SWOT (internal and external environment; strenght, weaknesess, opportunity and treats) 
2. Identify the stakeholder (power and interest) using the Mandelows matrix. or using BCG Matrix.
3. Growth the business/ product - either organic (increase investment on the new machinary, hire more employee  or alternatively inorganic (joint venture etc) - using ANSOFF matrix
4. To evaluate the strategy - by considering the stakeholder analysis - SAF framework
suitability, acceptability and feasibility)]]> 2018-04-02 01:34:21 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717808 5 KEY TAKE AWAY STRATEGIC CHOICE BY WMA wmaswad https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717809
1. The strategic choice are refer to the fifth step under the Rational Model.

2. Firstly we can analyzed the strategic options for the company using the Porter’s generic competitive strategies  either cost leader strategies, differentiation strategies or focus strategies to make sure that company can compete with the competitors. After that we can use the Ansoff Model to specify our direction of growth. Under Ansoff Model the company can choose the strategies market penetration, market development, product development or diversifications.

3. Once strategic option decided, then company can do the strategic evaluation and choice using few model such as Suitability, Acceptability, Feasibility (SAF).

4. Under Suitability strategic choice, company have to analyzed weather the strategic option are suit with the company missions and objectives. Company can use the mendelow’s matrix to analyzed the stakeholders needs vs the strategic options. Beside that, company also have to analyzed the product use the BCG Matrix Model relation between market growth and market share.

5. Acceptability strategic choice, company can analyzed the strategic options are acceptable by the stakeholders. Company can use the mendelow’s matrix to analyzed it.

6. Feasibility strategic choice, company can analyzed weather the strategic options can be do it or not. This all depends on the availability resources, fund, time, cash, skills and etc.


]]> 2018-04-02 01:34:22 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717809 5 Take-away (Munyati Fariza) https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717812 1. To evaluate business strategy, use SAF Framework: Suitable,    Acceptable, Feasible
2. The ideas lists: 
    i) How we intend to compete
   ii) Direction of growth
  iii) Method of growth 
3. Direction of growth -  use 
Ansoff Matrix to decide:
    i) Market (Existing, New)
   ii) Product (Existing, New)
4.  Method of growth - use 'vehicle' - internal (organic) or external development
5. Stakeholders analysis to define priorities using Mendelow's Model: 
     i) Power (Low, High)
     ii) Interest (Low, High)

]]> 2018-04-02 01:34:26 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717812 5 key take away from the article (Fiza): https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717863 1.the idea list:
how we intend to compete- price, quality
direction of growth
Ansoff: product, market existing & new- market penetration, new product, market development, diversification
method of growth
2. suitability- for further overall goals
mendolow model
-power, interest
-keep informed & keep satisfied, key players
-to clear objective
to fill gap
clear priorities
help define mission & objectrives
BCG Matrix
-for portfolio analysis
-market growth
3. acceptability
-is this accepatable to stakeholders
mendolow model
NPV
risk and returns
options: abandon/wait or to follow on
4. feasibility
is this option possible
affordability
timing
skilss
legality issue
5. sustainability
look at competitive advantage

]]> 2018-04-02 01:34:57 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717863 5 key take away from the strategic articles - Aazro https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717864
When company want to expand and stay relevance in the industry mean company need to incur risk just to gain competitive advantages. Before going further, company have to do internal and external analysis by doing:
1. Swot analysis - to identify element based on 4th quadrant. 
2. Do test on 4th quadrant by using SAF. 
Suitability - each appraisal in each quadrant can support by relevant theories such as mendelow matrix - to access the impact of power and interest of the stakeholders. BCG - to identify the growth of market based on the product.
3.  Acceptability - the reaction of the the stakeholder based on the strategic option taken. Change management.
4. Feasibility - the assessment of the option possible like the effect of the cash flow, human capital, legal or etc. Based on company risk appetite.
5. Sustainable - result of the strategic option taken by the company to keep survival in the industry.]]> 2018-04-02 01:34:57 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717864 5 Key Take Away https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717871 1) SWOT analysis - method on how to audit the strength and weakness of the company and to analyze the environment of he company, the opportunity and thread.
 2) SAF framework - method to narrow down the choice that we have.
Suitability - whether the idea is suit to achieve goal.
Acceptability - should the idea will accept by the employer, shareholder, supplier and customer.
Feasibility - is the idea can be afford, can be done in time and the company have enough skill to implement it.

3) Mendelow Model - to analyze stakeholder role . Power of the stakeholder in the company versus their interest in the company. Divided by four role which is keep informed, key player, minimal effort or keep satisfied. Each role will lead the company to set their mission and objective. A happy shareholder can guarantee the future of the company to remains in the industry.

4) BCG Matrix - to analyze company portfolio whether their products are giving more profit or not.

5) ANSOFF - to analyze the growth of the company base on their market and product 

hailiz]]> 2018-04-02 01:35:01 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717871 https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717873 5 KEY TAKE-AWAY FROM THE TECHNICAL

In constructing rational model, after we do position audit and SWOT, we brainstorm for strategic ideas/options.

1. Then, must ask below questions for all Strategic Ideas/Options:
- how we want to compete - by using Porter's generic strategy
- direction of growth- by using Ansoff
-  method of growth - organic vs merger/acquisition/JV

Stategic ideas/options must
2. Suitable (whether the option/idea will bring us closer to where we want to be)
-use Mendelow Model to determine stakeholdes' strength
- do portfolio analyst by using BCG matrix (cash hungry product vs cash generating product)

3. Acceptible
- use Mendelow again
- positive NPV should be considered
- risk vs return
- use real options - options to abandon, option to wait, option to follow on

4. Feasible
- can we afford it?
- is it legal?
- can we do it in time?
- do we have the skills?

5.Sustainablility
- ideas that is more complex and not easy to be replicated gives more competitive/sutainability advantage

-siti sara-

]]> 2018-04-02 01:35:05 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717873 5 key take away from the article - https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717883 1. Technic or method to narrow down the choice and ideas for the five year strategy is using SAF and other framework
2. For the three screening choice (SAF) we have to relate with company objective and stakeholder response
3. Analyse the idea with 3 aspect as how the company intend to compete, direction of growth and method of growth. This can applied by using Porter's generic startegy and Ansoff therory.
4. Find out the suitability of the idea by using gap analysis to find out our current situation and future desire. Identify interest of the stakeholder by Mendelow's matrix.
5. How to determine whether the idea is acceptable to the stakeholder - using Mendelow's matrix
6. The feasibility of the idea could be decide after analysed the ability of the company to execute the idea. 
* huda*]]> 2018-04-02 01:35:10 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717883 Identify 5 key take-away https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717889 1. Identify Mission Statement, position audit -(Strength Weakness Opportunity Threat) and environmental analysis
2. Product growth-ANSOF Matrix
3.  Suitability of shareholders - Mendelow Matrix and BCG Matrix. 
Acceptability-stakeholders analysis-Mendelow Matrix, NPV, risk and return.
4. Feasibility- how and when to invest, legally or compliance?
5. Sustainability-competitive advantage yield 

Hanneem Rahim]]> 2018-04-02 01:35:15 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717889 strategic choice ; https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717899 5 key take away from the articles;
1) really understand on SAF framework then from that we can easily understand our choice and looks to which relevant or equivalent to our saf framework.
2) Suitable - is it suit our goals and objective of the company or is it in tune with our operations.
Basically, we need to ask the question: does this idea help to fill the gap between where we are now, and where we want to be? If it does, it’s suitable.
Acceptable - is our stakeholders can accept or agree of our ideas
Feasible - can we do the ideas within our resources.
2) before list the idea, always bear in mind or understand how we want to compete others by using Porters Generic Competitive Strategies
and also need to know the direction of company's growth by using Ansoff and the method of growth by using organic or acquisition.
3) Mendelow stakeholder map help to clarify the company objective also or else use BCG Matrix
suzanarakiman

]]> 2018-04-02 01:35:20 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717899 5 KEY TECHNICAL KNOWLEDGE https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717942 1. SWOT Analysis - Strength, Weakness, Opportunities & Threats (Identify the internal & external environment of the business)
2. SAF Framework - Suitability, Acceptability, Feasibility (The ideas / strategy must be SAF with the company's objective in order to maximize the shareholders' wealth.
3. Mendelow's  Matrix - Relationship between Interest Vs Power. (Our business need to consider the stakeholder's needs towards the information / strategy of the company based on their level of power)
4. Ansoff Matrix - Relationship between Market and Product (Our business strategy should analyze our product and market  whether to use market penetration / diversification / market development / product development strategy in order to compete with our rivals and achieve our targeted growth)
5. BCG (Boston Consulting Group) - Relation between Market Growth vs Market Share (This strategy can assist our business to identify cash flow requirement as different business or product have their own business portfolio)

Nor Shuhaiza & Azlin Rahim]]> 2018-04-02 01:35:43 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717942 5 Key Take Away (Technical Knowledge) -MrRom https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717943 1-Understand mission statement
2-Use Rational model 
3-Use SAF framework on each ideas listed 
4-use supporting model :- 
Suitablity-Ansoff,  
Acceptablity-Mendelow and
Feasiblity-BCG matrix
5-Sustainability-the more sustain ,more better the suggestion]]> 2018-04-02 01:35:44 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247717943 Rational Model - Recap (Zack) https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718063 1. Mission Statement
2. Position audit and environmental analisys (SWOT)
3. SAF Model
- Suitable - Is it suitable with our goals and objective
- Accaptable -Is it accepted by our shareholder/stakeholder
- Feasible - do we have the capability/resources....is it legal
4. Direction for growth - Ansoff
-market penetration
-market development
-product development
-diversification
5. Method of growth 
-organic
-merger/acquisition
6. Mendelow matrix
- Keep informed
- Key player
- Minimal effort
- Keep satisfied
7. BCG Matrix
- relation between market growth and market share]]> 2018-04-02 01:37:01 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718063 Identify 5 key take-away (3A) https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718071 1. Apply Porter’s generic competitive strategies
2. Apply on relationship to life-cycle stage, that is, introduction, growth, maturity, and aging and decline
3. Applying the principle of Mendelow's Strategy
4.Maximising the shareholders wealth by computing the traditional investment appraisal techniques 
5. Critical success factors (CSF) to gain competitive advantages or at least sustain in the market]]> 2018-04-02 01:37:04 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718071 5 Key take away - Fakhrul https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718072 1. Analyzing various of ideas/option.
2. SAF Model
3. Stakeholders interer
4. Sustainability
5. Relevancy & practicality of answers in the real/business world.]]> 2018-04-02 01:37:04 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718072 5 key take away idea from the article written by Peter Wooley - MARDIANA https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718594 S.A.F Framework that can be applied in the Rational Model.
Stands for Sustainability, Acceptability and Feasibility.

1 Identify the Mission Statement through the SWOT analysis. and from there we can used the SAF framework

2 Suitability - Will it work for the company in relation to our strategic choice. Mendelow Model and BCG matrix can be applied while questioning all the strategic ideas. He also mentioned about having an idea that is impossible to replicate to have a better sustainability.

3 Acceptability - Whether the strategic ideas can be acceptable to the company stakeholder ( internal + external). Mendelow priority model can again be used as a tool to rationalized the idea. Shareholder will need to be convinced in the maximization of wealth. Few traditional investment appraisal technique can be applied such as the NPV technique which show the discount rate and cash-flow for the choice. He did mentioned also traditional investment technique can be further used in few options ( to abandon the idea, to wait or to follow on ) 

4 Feasible - He discussed certain questions like can we afford it? Can we do it in time? Do we have the skills to to do it and is it legal? 

5 More art than science - all technique can be applied as a tool to be used in understanding the strategic choice of the organization, however one person view and vision will not be the same with another person. Hence the ability to demonstrate and answering in a relevant way depends on the situation given.]]> 2018-04-02 01:42:39 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718594 5 Key Take Away by F https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718664
1. Identify Mission Statement trrough SWOT Analysis - Strength, Weakness, Opportunities & Threats
2. SAF Framework - Suitability, Acceptability, Feasibility
3. Mendelow's  Model - Relation between Interest Vs Power
4. Ansoff Matrix 
  - Relation between Market and   Product 
  - Product growth
5. BGC - Relation between Market Growth vs Market Share
- Sustainability of shareholders]]> 2018-04-02 01:43:06 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718664 5 KEY TAKE AWAY BY DSD https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718871
1. SAF Framework is using in 'stategic evaluation & choice ' in Rational Model

2. Whatever opinion in stage 4 (strategic opinion generation), we can use SAF to evaluate a certain strategic option. Most of the time we use SAF Framework, other than Mendelow's Matrix.

3. 3. SAF Framework
 * S - Suitability (refer to mission & objective)
 *A- Acceptability (refer to acceptable of stakeholder)
 *F - Feasibility (refer to TOES)
(T- technicality)
(O-operation)
(E-economic)
(S-social)

4. The best choice when all answer of SAF is ‘YES’ 

5. Other than that, in Rational Model, we can use Ansoff Matrix, Mendelow Model, BCG Matrix to help us in detailing of SAF.


 

]]> 2018-04-02 01:45:48 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718871 5 take away idea (Azizah) https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718922 THROUGH RATIONAL MODEL to develop strategy and implementation:
1. Mission Statement
2. Corporate appraisal through SWOT analysis
3. How to evaluate & choice (SAF):
   a. Suitability - is the idea work? does it help company to improve?
  b. Acceptability - accepted by stakeholder?
  c. Feasibility - is it possible to implement with our TOES? (technicality - do we have technology to implement?, Operational - enough resources?, Economic - do we have enough capital?, Social - social impact)
4. Direction for growth (ANSOFF)
5. Method of growth:
a. organic
b. merger/acquisition



]]> 2018-04-02 01:46:16 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247718922 ATONG https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247719501 5 KEY TAKE AWAY
1. Rational Planning Model
i. Mission Statement
ii. Corporate Appraisal (SWOT Analysis)
iii. Position audit (internal strengths and weaknesses)
iv. Environmental analysis (external opportunities and threats)

2. Forming and choosing a strategy - Use SAF + S Framework
i. Suitability?
ii. Acceptability?
iii. Feasibility?
iv. Sustainability?

3. Assess ideas
i. How to compete? Porters' Generic Competitive Strategies
ii. Direction of growth? Ansoff
iii. Method of growth - organic or external delopment.

4. Suitability?
Mendelow’s stakeholder map.
i. Key Player - High Power, High Interest
ii. Keep informed - High Power, Low Interest
iii. Keep Satisfied - Low Power, High Interest - SLEEPING GIANT
iv. Minimal Effort - Low Power, Low Interest
BCG Matrix

5. Acceptability?
‘is this option acceptable to our stakeholders?
i. Shareholders - NPV
ii. Employees
iii. Customers
iv. Suppliers

6. Feasibility?
i. Can we afford it?
ii. Can we do it in time?
iii. Have we got the skills?
iv. Is it legal?

7. Sustainability?
Difficult (or ideally impossible) for others to replicate will give us a sustainable advantage. 

]]> 2018-04-02 01:53:27 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247719501 https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247720848 2018-04-02 02:08:15 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247720848 https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247722426 2018-04-02 02:27:37 UTC https://padlet.com/Normahiran/om2n0o2hkhyr/wish/247722426