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Strategic Compensation In Action

Strategic Compensation In Action. Chapter #2. Strategic Analysis. External Threats Opportunities Internal Strengths and Weaknesses. North American Industry Classification ( NAICS). NAICS codes represent keys to pertinent information for strategic analysis.

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Strategic Compensation In Action

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  1. Strategic Compensation In Action Chapter #2

  2. Strategic Analysis • External Threats Opportunities • Internal Strengths and Weaknesses

  3. North American Industry Classification ( NAICS) • NAICS codes represent keys to pertinent information for strategic analysis. • It allows identification of competitors • Look pages #28 and #29 • Look up NAICS using yahoo • Read over homepage • Click on New Code System

  4. External Market Environment • Industry Profile • Competition • Foreign Demand • Industries long term prospects • Labor Market Assessment • Workforce will increase by 17.4 million by 2012 • Aging work force • Women increase by 14.3% • Men decrease by 1% • Hispanic growth • Asian still fastest growth of 4 labor force groups • Whites will be 66% of labor force • Operation Specific Considerations

  5. Internal strengths and weaknesses • Functional capabilities • Human Resources Capabilities • Financial condition • Operation requirements • Capital requirements

  6. Competitive Strategies #35 • National Culture • Hofstede Studies • Power distance • Individualism vs collectivism • Uncertainty avoidance • Masculinity vs femininity • Organizational Structure • Traditional • Flatter • Team orientation • Product Life Cycles • Growth Phase • Maturity • Decline

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