The Quum solution merges together the theory and practice of doing business, building on the results of top business research and management experience. Quum solution is a versatile tool and generates an objective assessment on firm’s diverse capabilities. Firms’ top management team gives YES/NO answers to a comprehensive number of statements, and hence, leaves little room for subjective interpretations. In doing this, Quum solution increases the reliability and validity of the analysis, thus supporting consultants’ credibility.
The Quum solution merges together the theory and practice of doing business, building on the results of top business research and management experience. Quum solution is a versatile tool and generates an objective assessment on firm’s diverse capabilities. Firms’ top management team gives YES/NO answers to a comprehensive number of statements, and hence, leaves little room for subjective interpretations. In doing this, Quum solution increases the reliability and validity of the analysis, thus supporting consultants’ credibility.
The following figure is an example of the result table from the standard Quum analysis. However, questions and hence, titles in the table, can be freely tailored. A quick glance indicates that the example firm has places to improve, for example, regarding internationalization. The figure on the right hand side drills deeper down to internationalization-related statements.
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The percentage figure 100% indicates that management board has answered YES in every question in this section. The figures less than 100% indicate that some of members has answered NO in some of the questions. If all the figures are 100% your company has excellent preconditions to succeed in international business. The box is green if the members of the management board have answered YES in most of the questions of this section. The box is yellow if at least 50% of the questions are answered YES. The box is red if the management board has answered YES in less than 50% of the questions. Less than 100% sections, but especially yellow and red boxes shall be paid special attention to.
Quum solution enables analyzing beyond respondents’ present understanding. Traditional analysis tools focus on past performance. Moreover, Quum solution reveals if the top management team sees the current situation in a similar manner – we believe that only a shared understanding helps in achieving future success. In the above figure, with regard to internationalization, members oft he top management team disagree on most of the statements.
Quum solution adapts to firms in any industry or any size of the firm.
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