Michael Porter had major drawbacks of his Porter’s Five Forces Model. To solve the situation, Thompson and Strickland introduce another new strategic management model. This new model is called the Thompson and Strickland Strategic...
For stakeholders of HigherStudy.org; there is written another article base on the strategic management model with examples. If anyone can pinpoint with one of these setups, this article is for him/her! Underneath are several...
Managers in a firm/company can use various models for analyzing the industry environment. However, the most widely used model for an industry’s competition analysis is Porter’s 5 Forces or Michael Porter’s Five Forces Model....
At first, we can try to understand the organizational environment before the discussion about the types of organizational environment. Organizational environment is a dynamic and changeable thing. This change appears frequently. Every change stands...
Competitive advantage is the exceptional edge that is allowed an organization or business company to deal with the marketplace and environmental forces better than its competitors. It is derived from strategies that lead to...
In this article, will be discussed the difference between management and administration. First of all, the simply say that management is the skill of accomplishing the work done by others. It is not accurately...
The managers, employees and other stakeholders of an organization might be interested to understand where the organization is going and what it aspires to be. In order to express an organization’s aspirations for the...
As indicated earlier, a vision indicates an organization’s future course – where it wants to reach. A mission is derived from the vision – just to reveal the organization’s current business purpose. However there...
Before going to the difference between bureaucratic and participatory management in administration in the context of developing countries, we are should have idea about the bureaucratic management and the participatory management. Bureaucratic Management: Bureaucratic...
After many research, examination and idea generation; are established the development factors. The development factors are created the global imbalance of trade between different parts of the world. These factors are impression us directly...
