Strategic Models Essay Example | Topics and Well Written Essays - 2500 words

Strategic Models - Essay representativeThe balanced scorecard includes qualitative insights in addition to quantitative measures exchangeable financial statements to give the stopping point makers a birds eye view of the past health and also the future course of action of the compevery. term financial measures like Return on Investment, sales and profit values, continue to be critical, new units like quality measures (warrantee/replacement/return/refund costs), employee skill and satisfaction measures (attrition/training/redeployment cost), future issue measures (R&D costs) are also taken into account.Wells Fargo and company is a diversified financial function company based at San Francisco, California and offers a range of financial products. The company has been termed as unrivalled of the safest banks in the world. (The Worlds Safest Banks 2007, October 2007)Wells Fargo bank used Balanced Score Card to key out its future emersion path. Within 3 years of implementing the ins ights it got from a BSC, it was voted as the best online bank. As a result of the BSC, it increase its customer base by 4.5 times, and also decreased its cost per customer by as some(prenominal) as 22%. Additionally, it was able to add over 750,000 online customers over a 2 year period. (Beiman I. and Johnson J.C., n.d.)The pompous manufacturing strategy beat states that there i... (San Francisco, February2001)Wells Fargo bank used Balanced Score Card to identify its future growth path. Within 3 years of implementing the insights it got from a BSC, it was voted as the best online bank. As a result of the BSC, it increased its customer base by 4.5 times, and also decreased its cost per customer by as much as 22%. Additionally, it was able to add over 750,000 online customers over a 2 year period. (Beiman I. and Johnson J.C., n.d.)Strategic Models - 2Sand Cone Model (Ferdows & De Meyer) IntroductionThe conventional manufacturing strategy model states that there is a trade-off among the quartet basic manufacturing capabilities- Quality, Dependability, Speed and Cost, unless there is slack in any one of the capabilities. However, the Sand Cone model proposed by Ferdows and De Meyer suggests that there is a hierarchical relationship amongst the four given capabilities.While from a short term perspective, advance in one of the capabilities may entreat the termination maker to trade off any one or more of the capabilities, it is indeed assertable to achieve excellence in all the four capabilities in an hierarchical, staged manner. In order to spend a penny a long term manufacturing capability, the decision makers should aim to enhance quality of the manufactured items. Once this ram down has achieved a set of milestones, the dependability of the manufacturing system has to be taken care of. Once these two capabilities get down been assimilated, the next capability requiring attention would be flexibility, or reaction speed. Finally, once these three capabil ities have been fixed, the decision makers should strive to achieve cost reduction. If this flow is maintained, it is possible for a