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Forums › ACCA Forums › ACCA SBL Strategic Business Leader Forums › Question
What does the MS model stand for ? (meaning and such)
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
Thanks Gromit !
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?
