1. Structure: Bel Fuse 5-R part structure consists of five main sections or rings designed to encompass all aspects of a business and its operations. The five sections are Strategy (S), Tactics (T), Resources (R), Results (R), and Summary (S).
2. Strategy (S): The first ring of the 5-R part is Strategy. It outlines which strategy the company will use to achieve its goals. This includes assessing industry trends, competitive analysis, and formulating a competitive edge for the company.
3. Tactics (T): The second ring of the part is Tactics. This section details the tactical initiatives that support the company's strategic plan. This includes outlining methods for gaining competitive advantage, improving operational processes, leveraging technology, and optimizing organizational structures.
4. Resources (R): The third ring of the 5-R part outlines the resources necessary to carry out the company's tactics. This section evaluates the financial, material, and human resources currently available, as well as the resources needed in order to execute the strategies and tactics outlined in the first two rings.
5. Results (R): The fourth ring of the 5-R part focuses on the results of the resource use. This section assesses the success of the company's strategies and tactics, making adjustments as needed in order to meet desired goals. This ring also assesses the potential risks associated with implementation of the strategy and associated tactics.
6. Summary (S): The fifth and final ring of the 5-R part is a summary of the entire process. It reviews the overall business goals, the strategies implemented to achieve those goals, the tactics used to further those strategies, the resources used to support the tactics, and finally the results of the efforts. This ring allows the business to synthesize their data into a comprehensive report.