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Additional info for ACCA P3 Business Analysis: Study Text
Human resources management Secure personnel of the right skills in the right quantity at the right time, and to ensure that they have the right skills and values to promote the firm's overall goals. Information systems A firm's information systems are becoming increasingly important, as an item of expenditure, as administrative support and as a tool for competitive strength. Not all information technology applications are strategic, and the strategic value of IT will vary from case to case. R&D New products and techniques.
Fre Key terms The middle layer expands on the basic idea of strategic implementation. The focus is on two linked aspects of business process management. com Both of these elements must be financially feasible and require good project management: project management itself can be of strategic significance, as is discussed later in Part F of this Study Text. The middle layer is also a reminder that strategy may emerge from within the day-to-day activities of the organisation. Notice the double-headed arrow between the middle layer (D–G) and the top layer (A–C).
Strategic decisions are made under conditions of complexity and uncertainty; they have wide impact on the organisation and often lead to major change. Strategies are developed in order to achieve desired outcomes. These are inherent in the organisation's mission or defining purpose. Mission guides strategic decisions and provides values and a sense of direction. A structure of goals and objectives derives from mission and supports it. All the parts of this structure should be mutually supportive.
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