Search
Search Results
-
Latest Trends and New Tools Being Used in Strategic Management
73-85Views:763In today’s rapidly changing world, there is an increased need for excellent strategic planning. A firm’s survival may indeed hinge on the firm’s planning process being exemplary. Various aspects of the strategic planning process are under review today as organizations wrestle to compete more effectively in an ever-changing world. This paper reveals and describes five new trends or tools being utilized today by firms to more effectively engage in strategic planning. Specifically, the new trends and tools to be discussed in this paper are as follows: increased need to follow a strategic planning model; increased need to develop quality vision and mission statements; a new improved method for incorporating SWOT analysis into practice. Utilizing two matrices one internal and one external to provide a less biased way to access the current strategy fit with conditions facing the firm. Explain the use of a decision matrix commonly called the QSPM (Quantitative Strategic Planning Matrix) for assessing the relative attractiveness of various strategies being considered for implementation. The purpose of this paper is to familiarize readers with basic new tools and techniques being used by organizations to effectively develop an improved strategic plan for the firm.
-
Maintenance from the Work Safety Point of View
190-196Views:137Deterioration of the technical condition of plant equipment is a common phenomenon nowadays. According to the experience of authorities, all this contributes to the occurrence of malfunctions and accidents. Plants that operate with an inadequate conservation strategy are now nearing the end of their design life, thus posing an increased accident risk. Aging processes are often accelerated by the operator's underestimation of the effects of equipment stress and the extent of deterioration mechanisms, and the consequent inadequate design and operation of condition monitoring and maintenance procedures. The aim of our work is to examine trends in the light of modern maintenance optimization methods and, in connection with this, to make proposals for the optimization of maintenance scheduling for employers.