Strategic Analysis with Financial Competitive Profile Matrix
You will be able to utilize the Financial Competitive Profile Matrix (FCPM) to examine your industry and discover your competitive advantage using key financial indicators by the end of this guided assignment. FCPM is a strategic management tool that allows you to benchmark your organization against competitors and then analyze the relative strengths and weaknesses of all competitors using Financial Critical Success Factors (FCSFs). The FCSFs are given a weight depending on their importance, then ranked according to their strengths and weaknesses. The weight is then multiplied by the rank to get a weighted score. The sum of the weighted scores reflects whether or not a company has a competitive edge in the industry.
They will utilize a spreadsheet to evaluate a division of energy services company jointly to demonstrate the application of the FCPM. The case study example would allow you to apply the approach to your own company or any other company of your choice. The project is aimed at corporate leaders who wish to gain a comprehensive understanding of their competitive environment. Also for strategists and financial analysts who want to assist organizations in making better strategic decisions. You will be able to apply the FCPM to examine your organization, identify the strengths and weaknesses of competitors, and establish your strategic path by the end of the project.
THE SKILLS YOU WILL DEVELOP
- Management Consulting
- Financial Accounting
- Business Strategy
- Management
- Leadership
LEARN STEP BY STEP:
- Task 1: Introduction: By the end of the task, you will explain Financial Competitive Profile Matrix (FCPM)
- Task 2: Financial Critical Success Factors (CSFs): By the end of this task, you will determine the FCSFs of your industry
- Task 3: Weight: By the end of this task, you will assign weight to the FCSFs of your industry
- Task 4: Ranking: By the end of this task, you will rank the FCSFs of your industry
- Task 5: Weighted and Total Score: By the end of this task, you will perform the weighted and overall scores of the factors
- Task 6: Decision-Making: By the end of this task, you will use the results to make strategic decisions
Rating: N/A
Website: coursera.org/projects/strategic-analysis-with-financial-competitive-profile-matrix
