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Question

Forums › ACCA Forums › ACCA SBL Strategic Business Leader Forums › Question

  • This topic has 3 replies, 3 voices, and was last updated 13 years ago by dazhong0703.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 4, 2012 at 3:45 pm #53101
    Anonymous
    Inactive
    • Topics: 2
    • Replies: 2
    • ☆

    What does the MS model stand for ? (meaning and such)

    June 4, 2012 at 3:50 pm #99168
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10618
    • ☆☆☆☆☆

    I think you are probably referring to the Ms model. It’s not so much a model as a list of resources that should be considered when thinking about strategies:

    Money
    Men and women (HRM)
    Management
    Markets
    Marketing
    Manufacturing/machinery
    Make (brand)
    Methods (know-how)
    MIS (IT)
    Materials

    June 4, 2012 at 6:52 pm #99169
    Anonymous
    Inactive
    • Topics: 2
    • Replies: 2
    • ☆

    Thanks Gromit !

    June 5, 2012 at 4:24 pm #99170
    dazhong0703
    Member
    • Topics: 44
    • Replies: 130
    • ☆☆

    Resource management (6Ms)
    . Money – finance (future)
    . Machinery – production capacity
    . Manpower – people
    . Market – share, size, competition
    . Materials – supplier
    . Make-up – structure
     
    Money
    . How much do we have?
    . What is our current COC?
    . Is the co excessively geared or are there any Opportunities to raise additional finance?
     
    Machinery
    . How technology up to date?
    . Is there a danger of obsolescence?
    . Has it been poorly maintained over the years?
     
    Manpower
    . How expensive is our workforce?
    . How efficient are our employees?
    . Is the business overstaffed?
    . What is the labour turnover rate?
    . What is the absence level?
     
    Markets
    . Are the markets declining/growing?
    . Where are new markets emerging?
    . How strong are our brands in the current market?
     
    Materials
    . How expensive are our materials?
    . Do our suppliers have excessive control of materials?
    . Do we have favourable access to materials?
    . Are our raw materials becoming exhausted?
     
    Make-up
    . What types of structures do we have?
    . What is the culture of the organization?

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