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Please see below instructions and note I am a manager at Citco (hedge fund admin
Please see below instructions and note I am a manager at Citco (hedge fund administration)
The Baldrige Framework requires organizations to describe their Strategic Challenges and Strategic Advantages based on the following definitions:
STRATEGIC ADVANTAGES. Those marketplace benefits that exert a decisive influence on your organization’s likelihood of future success. These advantages are frequently sources of current and future competitive success relative to other providers of similar products. Strategic advantages generally arise from either or both of two sources: (1) core competencies, which focus on building and expanding on your organization’s internal capabilities, and (2) strategically important external resources, which your organization shapes and leverages through key external relationships and partnerships.
STRATEGIC CHALLENGES. Those pressures that exert a decisive influence on your organization’s likelihood of future success. These challenges are frequently driven by your organization’s anticipated competitive position in the future relative to other providers of similar products. While not exclusively so, strategic challenges are generally externally driven. However, in responding to externally driven strategic challenges, your organization may face internal strategic challenges.
Discussion Questions
Question 1
Briefly describe your organization’s primary strategic challenges and strategic advantages?
Question 2
How does your organization respond to those strategic challenges and strategic advantages?
How does it incorporate strategies or tactics to respond to the challenges and leverage the advantages?
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