Once the strategic analysis of the firm has been completed, the strategy-makers responsibility is now to take initiative for setting strategic objectives. These strategic objectives would form the basis for formulating the strategy. As...
In the previous article, we read the SWOT Analysis which was one kind of model of strategic management models. Today, we try to understand the different steps of SWOT analysis of strategic management. Beside...
SWOT analysis is a one kind of model of different strategic management models. It is strategic planning technique which used to support an individual or organization for detecting the Strengths, Weaknesses, Opportunities, and Threats...
For analyzing a company situation, value chain analysis system is one of the most important Strategic Management Models. Value chain analysis in strategic management is undertaken to evaluate a company’s value chain elements. In...
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...
