Strategic Management – An Introduction Strategic Management is all about identification and description of the strategies that managers can carry...
Read moreThe word “strategy” is derived from the Greek word “strategos”; stratus (meaning army) and “ago” (meaning leading/moving). Strategy is an...
Read moreThe strategy statement of a firm sets the firm’s long-term strategic direction and broad policy directions. It gives the firm...
Read moreOne of the first things that any observer of management thought and practice asks is whether a particular organization has...
Read moreThe strategic management process means defining the organization’s strategy. It is also defined as the process by which managers make...
Read moreOrganizational environment consists of both external and internal factors. Environment must be scanned so as to determine development and forecasts...
Read moreStrategy formulation refers to the process of choosing the most appropriate course of action for the realization of organizational goals...
Read moreStrategy implementation is the translation of chosen strategy into organizational action so as to achieve strategic goals and objectives. Strategy...
Read moreFollowing are the main differences between Strategy Formulation and Strategy Implementation- Strategy Formulation Strategy Implementation Strategy Formulation includes planning and...
Read moreStrategy Evaluation is as significant as strategy formulation because it throws light on the efficiency and effectiveness of the comprehensive...
Read moreStrategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and...
Read moreMarket for product is big and diverse making it difficult for companies to be able to satisfy every customer. Companies...
Read moreThere are many benefits of strategic management and they include identification, prioritization, and exploration of opportunities. For instance, newer products,...
Read moreDefinition of Business Policy Business Policy defines the scope or spheres within which decisions can be taken by the subordinates...
Read moreBoston Consulting Group (BCG) Matrix is a four celled matrix (a 2 * 2 matrix) developed by BCG, USA. It...
Read moreSWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. By definition, Strengths (S) and Weaknesses (W) are considered to...
Read moreDownload PPT for Complete Course on SWOT Analysis Total Slides: 130 Introduction Google is probably the world’s best-known company for...
Read moreStarbucks is a globally recognized coffee and beverages brand that has rapidly made strides into all major markets of the...
Read moreIntroduction Blackberry, which was the pioneer in mobile-based technologies with its best selling original Smartphones, has been in the news...
Read moreWhat to do when listing Strengths and Weaknesses A personal SWOT Analysis is needed to understand where one stands with...
Read moreIntroduction Amazon is the world’s leading online retailer and its success has spurred other physical, brick, and mortar retailers to...
Read moreIntroduction This article analyzes the strategy of the world’s leading furniture retailer, IKEA using the SWOT Methodology. The company was...
Read moreStrengths The biggest strength of Nike is that it is an extremely competitive organization with its approach of “Just Do...
Read moreIntroduction The recent announcement of the change of leadership at the helm of Microsoft has sparked speculation about possible strategic...
Read moreIntroduction China Mobile is a Chinese Telecom major that has been in the news in recent years because of its...
Read moreOrganizations must operate within a competitive industry environment. They do not exist in vacuum. Analyzing organization’s competitors helps an organization...
Read moreWhat is Competitive Advantage? It is a truism that strategic management is all about gaining and maintaining competitive advantage. The...
Read moreIntroduction: Why Should Firms and Nations Invest in Human, Social, and Intellectual Capital We often hear economists and management experts...
Read moreMichael Porter (Harvard Business School Management Researcher) designed various vital frameworks for developing an organization’s strategy. One of the most...
Read moreIntroduction Blue Ocean Strategy is a concept that has been pioneered by INSEAD Professors, W. Chan Kim, and Renee Mauborgne....
Read moreTo say that we are facing a resource crunch seems obvious to anyone who is remotely tuned into the present...
Read moreFive Forces Analysis Porter’s Five Forces analysis is a useful methodology and a tool to analyze the external environment in...
Read moreIntroduction Porter’s Five Forces methodology is used in this article to analyze the business strategies of white goods makers like...
Read moreIntroduction To introduce the article, it would suffice to say that each of the five forces that are discussed subsequently...
Read moreIntroduction China Mobile operates in a monopoly like market in the domestic Chinese telecom sector and hence, the application of...
Read moreStrategic leadership refers to a manager’s potential to express a strategic vision for the organization, or a part of the...
Read moreIt needs to be remembered that strategic management and strategic planning are intricate and complex processes that take the organization...
Read moreWhat is Corporate Governance? Corporate Governance refers to the way a corporation is governed. It is the technique by which...
Read moreDefinition of Business Ethics Business Ethics refers to carrying business as per self-acknowledged moral standards. It is actually a structure...
Read moreSocial responsibility is defined as the obligation and commitment of managers to take steps for protecting and improving society’s welfare...
Read moreWhat is Core Competency? Core competency is a unique skill or technology that creates distinct customer value. For instance, core...
Read moreCore Competency Theory The core competency theory is the theory of strategy that prescribes actions to be taken by firms...
Read moreIntroduction The famous management expert, Igor Ansoff provided a roadmap for firms to grow depending on whether they are launching...
Read moreOrganic Growth Organic growth in management parlance refers to the growth of a company that occurs naturally. In other words,...
Read moreIntroduction Diversification is one of the strategies pursued by firms wishing to grow in newer markets and by launching newer...
Read moreThe famous management expert, Henry Mintzberg, proposed a five configurations approach to strategic management wherein any organization can be broken...
Read moreRole of Planning, Planners, and Plans The previous article discussed the five configurations of organizational structure that Mintzberg proposed as...
Read moreMany firms do not engage in strategic planning and some firms do strategic planning that is poor and ill conceived....
Read moreThe Rise of the Millennials The previous articles discussed the various aspects of strategy and how businesses can use different...
Read moreThis article discusses the ten qualities needed for companies to stay ahead of the competition and win the race for...
Read moreIntroduction When we think of airlines, we usually think of luxury and opulence as well as comfort and convenience. However,...
Read moreIntroduction The macroeconomic environment that Starbucks operates in is characterized by the ongoing global economic recession, which has dented the...
Read moreIntroduction Samsung is a global conglomerate that operates in the “White Goods” market or the market for consumer appliances and...
Read moreIntroduction Unilever operates in nearly 190 countries around the world and has been a traditional paragon of excellence and quality...
Read moreIntroduction: The Effect of the Downturn and How Companies Can Cope The ongoing global economic crisis has impacted most of...
Read moreIntroduction Amazon is the world’s largest online retailer and is indeed a pioneer in the online retailing space. Though it...
Read moreDrivers of Corporate Strategy Any choice of strategic options must necessarily be in tune with the drivers of corporate strategy....
Read moreThe business environment today has become extremely competitive. Companies are not only facing competition from their local competitors but also...
Read moreWhat are BAU or Business As Usual Strategies and how do they Work? Business as Usual or BAU strategies and...
Read moreGeopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by...
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