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Management
Porter’s Five Forces Model of Competition Analysis
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. Strategic…
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Management
Types of Organizational Environment
At first, we can try to understand the organizational environment before discussing the types of organizational environment. The organizational environment is a dynamic and changeable thing. This change appears frequently. Every move stands the challenges.…
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Governance
Difference between Cabinet and Cabinet Divisions/Council of Ministers
The Prime Minister is the chief advisor of the President. He/She heads the Cabinet Division or Council of Ministers and also takes decisions to become cabinet members. The Council of Ministers or Cabinet Division is…
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Management
Competitive Advantage Strategies in Business
Competitive advantage is the exceptional edge that allows an organization or business company to better deal with the marketplace and environmental forces than its competitors. It derives from strategies that lead to some uniqueness in…
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Management
Difference Between Management and Administration; Similarity
This article will discuss the difference between management and administration. First of all, we say that management is the skill of accomplishing others’ work. It does not reflect accurately the same as administration. Rather than,…
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Management
Strategic Management – Developing Vision Statements
The managers, employees, and other stakeholders of an organization might understand where the organization is going and what it aspires to be. To express an organization’s aspirations for the future, different organizations use different terms…
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Administration
POSDCORB Model, 7 Steps, Functions, Strength, Criticisms
In Public Administration and Management, POSDCORB broadly uses it as the classical view of Organizational theory. It appeared most conspicuously in a 1937 paper by Luther Gulick and Lyndall Urwick. However, he first showed the…
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Administration
Top 12 Difference between Private and Public Administration & Similarities
The administration is the act of effectively managing the affairs of a business-related organization or state. It indicates the finest use of people, materials, and other properties of the organization to accomplish the company’s final…
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Management
Strategic Management Mission Statement – A Best Analysis
As indicated earlier, a vision indicates an organization’s future course – where it wants to reach. A mission is derived from the vision – to reveal the organization’s current business purpose. However, the mission, mission…
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Administration
Toward Theory of Accountability (5 Factors of Development)
The demand and need for accountability in human services are crucial, and the time has come to develop a conceptual and operational theory of accountability. The benefits of such a development are far-reaching; which are…
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