Category: Management

Organizational Appraisal: 13 Fundamental Factors | Procedure

19/11/202202/02/2025 Study Notes Expert No Comments

The organizational appraisal is the analysis of the internal business climate is crucial for the formulation of the most appropriate strategy. The strategic decision-makers conduct internal research to gain a clear perspective of the business profile. It gives an accurate analysis of the firm’s strengths and weaknesses. Internal analysis, also known as corporate appraisal, 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,…

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Strategic management

SWOT Analysis: Components | 7 Uses

17/11/202206/06/2023 Study Notes Expert No Comments

“SWOT” is an acronym to mean “Strength, Weakness, Opportunities Threats” that defines the present position of a company. It determines whether a business is in a favorable or bad position in the market. Although the weaknesses and strengths are internal issues, the threats and opportunities can be external for the company. Examining all these provide…

Strategic management

Most Significant Factors and Importance of Pricing

14/11/202214/11/2022 Study Notes Expert No Comments

The price process is directly connects with the worth of a service, product or concept in terms of the amount of money available at a particular moment that the marketing manager decides to promote it to potential customers. Precisely, Pricing involves establishing objectives, determining flexibilities, establishing strategies, setting prices, and controlling implementation. Importance of Pricing…

Managerial Economics, Marketing Management

Price Discrimination: 7 Conditions and Objectives

28/10/202229/07/2023 Study Notes Expert 1 Comment

If the buyers are from different markets or are part of so-called non-competing groups, monopolists might charge different rates for the same products from these markets. Price discrimination and discriminatory monopoly describe the situation. Price discrimination is the practice of charging different prices to customers with varying quantities of the same item. Definition of Price…

Managerial Economics, Strategic management

Major 6 Types of Supply Chain Models for Business

25/10/202207/07/2023 Study Notes Expert No Comments

The supply chain plays a vital role in running a business. It involves a network of organizations, technology, resources, and activities to ensure the smooth production of goods and selling to the final consumer. In simple words, the supply chain is the process of manufacturing and selling goods, including the supply of raw materials to…

Supply Chain Management

Top 3 Components and Pricing Objectives

20/10/202218/07/2023 Study Notes Expert No Comments

This article will teach you the meaning of price, pricing, and pricing objectives. It will help you decide the future pricing policies for your business.Price is the amount of money charged for a product or service or the sum of the values consumers exchange for the benefits of having or using the product or service….

Managerial Economics, Marketing Management

3 Remarkable Levels of Environmental Appraisal

19/10/202207/07/2023 Study Notes Expert No Comments

Many elements impact the company and its activities. External environmental appraisal can affect the company in positive and negative ways. Recognizing the challenges and issues in the external environmental appraisal is crucial for any business. Also, you will know the levels of environmental appraisal. Meaning of Environmental Appraisal An appraisal of environment within which an…

Strategic management

8 Major Importance of Environmental Scanning

18/10/202219/10/2022 Renu Saroha No Comments

The word “scanner” refers to examining or looking. In the business world, environmental scanning is the careful examination of both business and internal environments to determine the risks and opportunities that come with it. It is a continuous process where the environment is regularly examined and diagnosed. Also, the term “scanning” is short-term forecasting. In…

Strategic management

Environmental Components or Types of Business Environment – Guide

17/10/202202/02/2025 Study Notes Expert No Comments

A thorough understanding of the surroundings and the changes it brings is essential for companies. Companies that scan their surroundings and are ready to adjust to changes could be successful. However, businesses that fail to adapt to their surroundings will not last long. In this blog, we will discuss the types of business environment and…

Strategic management