Author: Renu Saroha

Renu Saroha is a professional content writer that writes content with an SEO perspective. My research hand is solid in writing which helps me write valuable and unique content in the education field. Always believe in learning and improving skills.

4 Key Importance of Organizational Capability | Prerequisites

24/12/202224/07/2023 Renu Saroha No Comments

Before planning the capability profile of a firm, a strategist needs to know these prerequisites of organizational capability. Also, in the further section, you will learn the importance of organizational capability. Prerequisites of Organizational Capability 1. Customer Focus A capability profile should contain data about the customers and their potential needs to help evaluate the…

Strategic management

Features | Phases of Product Life Cycle Costing

14/12/202204/08/2023 Renu Saroha No Comments

Here we will discuss the product life cycle costing, which is very important. It is a cycle of revenue, expenses, profit, and sales levels. The life span of a product could differ from a few months to some years. It includes the time between the initial ideas and the product’s removal. Features of Product Life…

Marketing Management

Top 6 Organizational Capability Factors

07/12/202207/12/2022 Renu Saroha No Comments

When the organization’s resources are combined to accomplish multiple tasks, it creates capabilities. These tasks could include recruiting and selecting employees for research and development activities. The unique skills and knowledge that employees have within the organization generate most of these capabilities. Employees of the organization interact with clients to gather information. Also, various organizational…

Strategic management

3 Levels of Strategies | Scope of Strategy

03/12/202215/06/2023 Renu Saroha No Comments

The scope of strategy defines the position in the market as the company envisions it. In essence, it provides specifics of the industry or market within which the firm wants to investigate, or more precisely. Also, we will discuss the levels of strategies. Scope of Strategy The scope of markets in which the company will…

Strategic management

8 Importance of Business Policy | Limitations | Current Trends

24/11/202215/07/2023 Renu Saroha No Comments

Business policies play an essential role in the success of the organization. If these policies are not formulated properly, these are the limitations of business policy for the organization. In the later section of the blog, you will learn the current trends of business policy. Importance of Business Policy The importance of business policy is…

Strategic management

Preparation of ETOP Study

18/11/202218/11/2022 Renu Saroha 1 Comment

ETOP Study The Environment Threats and Opportunities Profile (ETOP) is the method used to define environmental issues. W.F. Glueck developed the technique. The ETOP classifies different environmental issues across different industries that help the management focus their attention on specific areas. It assists in identifying likely influences that affect the business. In the next section,…

Read More “Preparation of ETOP Study” »

Strategic management

Collusive Oligopoly: Conditions | Types | Price & Output Determination

15/11/202208/10/2023 Renu Saroha No Comments

Competing firms are termed as colluding when they make some agreement about output and pricing. These agreements may be either facet or formal. But open or formal agreements are not legal in most countries. The oligopolists’ agreement between two firms is generally secret or tacit. A collusive oligopoly comes into the frame when the firm…

Managerial Economics

Kinked Demand Curve: Assumptions | Explanation | Critiques

10/11/202204/07/2023 Renu Saroha No Comments

Kinked Demand Curve, is an oligopoly model. Paul M. Sweezy and Hall and Hitch develop this model. Through the analysis of kinked theory of demand in oligopoly market, the author attempted to prove that price and output tend to stabilize and do not change under oligopolistic conditions and trends. Kinked Demand Curve Price cuts match…

Managerial Economics

Oligopoly: Advantages | Disadvantages | Price and Output Determination

07/11/202207/06/2023 Renu Saroha No Comments

An oligopoly market is a situation in which there is a tremendous amount of competition between several large companies and a degree of interdependence within the firm’s decision-making. Every company recognizes interdependence. Every decision one company makes (be it price, product, or even promotion) impacts the competitor’s trade, resulting in counter moves. It leads to…

Managerial Economics

Monopolistic Competition: Characteristics, Benefits, Disadvantages

03/11/202202/02/2025 Renu Saroha No Comments

Monopolistic competition refers to a situation in which several companies sell different products on the market. “There is fierce competition, but it is not perfect. However, numerous firms offer identical products.” Companies cannot exert any influence discernible from the other’s pricing-output policy. So, monopolistic competition refers to competing among sellers that create close substitutes for…

Managerial Economics