Types of Organizational Strategies

May 29th, 2015
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A. T. Still University
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Executive Summary In the modern business world it has become more important than ever to have a viable business model that has been created to suit each individual need of a business and have the strategic management tools to support and sustain the model. This is where the Value chain and Balanced Scorecard plays such a key role in any business environment.

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Table of ContentsExecutive SummaryBalanced ScorecardValue ChainStrategic Business ModelStrategic Business Model FrameworkConclusion1. Executive SummaryIn the modern business world it has become more important than ever to have a viable business model that has been created to suit each individual need of a business and have the strategic management tools to support and sustain the model. This is where the Value chain and Balanced Scorecard plays such a key role in any business environment.A Value Chain examines the performance and cost of each value-creation activity within an organization. It is a tool that can be used for strategic planning purposes, to identify parts of an organization that provide the best value for customers and shareholders. A Value Chain is often used in conjunction with financial reporting to control cost drivers and identify areas that need improvement. If a company can derive greater value from one of the activities in the Value Chain, they will be able to beat the competition, creating greater value for the shareholder and customer. This is where the Balanced Scorecard is a major asset in terms of strategic planning and control of the firm. The balanced scorecard gives a macro overview of all four aspects of the company (Financial, Customer, Internal Business Processes and Learning and Growth) and ensures that none are neglected to the detriment of another. These two strategic management tools help ensure that the Strategic business model

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