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The implementation of the balanced critical factor index methodology in the strategy redevelopment process

Rymaszewska, Anna; Koskinen, Jari; Takala, Josu; Zhao, Shi; Chen, Yang (2013)

 
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URI
https://doi.org/10.2478/mper-2013-0006

Rymaszewska, Anna
Koskinen, Jari
Takala, Josu
Zhao, Shi
Chen, Yang
Polish Association for Production Management
2013
doi:10.2478/mper-2013-0006
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe202103258388

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vertaisarvioitu
©2013 The Authors. Published by Polish Academy of Sciences, Production Engineering Committee, and Polish Association for Production Management. The article is published under the terms of the Creative Commons Attribution-Non-Commercial-NoDerivatives license.
Tiivistelmä
Strategic planning and development is a critical yet often overlooked issue in company’s operations. The planning of development as well as addressing the distribution of available resources should be done systematically rather than instinctively however, many companies still do not have any reliable method that would facilitate the decision making processes at their disposal.This article aims at presenting the innovative analytical method- Balanced Critical Factor Index (BCFI) for addressing the need for change in company’s operational strategy according to changes in available technology and knowledge. By examining a wide array of indexes,the presented method is expected to suggest the directions of development. The presented method also addresses the challenges of the complex process of decision-making. Moreover,the empirical evidence gathered in the studied case company serves as a source of important feedback regarding the further improvement of the BCFI method.
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