June 2011
Intermediate to advanced
378 pages
14h 11m
English
Content preview from Performance Management Systems and StrategiesBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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SPM FOR ENVIRONMENTAL THREATS AND RISKS
Responding to the change faster than the competitors is what we consider as the important competitive advantage for any organization. Environmental threats and risks for frequent change in the environment alter the way the organization works. Some organizations even lose their market leadership to their competitors. Effective SPM practices, can alter the adverse effects of environment on organization. It requires monitoring, understanding, and if necessary even preparing for the following:
- Industry Changes—new competitors, mergers and acquisitions, new suppliers, etc.
- Political Changes—change in government, legislation, taxation policies, etc.
- Economic Changes—inflation, interest rates, unemployment, stagnation, ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.