Category: Strategic management

8 Quick Characteristics of Strategic Management

12/08/202309/08/2023 Study Notes Expert No Comments

The words “approach” and “management” combine to form “strategic management.” Strategic control involves the method of imagination and visionary objectives, approach system, strategic implementation, and making changes inside the strategic motive in line with the converting requirements of the company. In the next section, you will know the characteristics of strategic management. The principles of…

Strategic management

Detailed Description of Life Cycle Analysis

18/05/202317/05/2023 Renu Saroha No Comments

Business degree strategic analysis ought to be relevant for companies having a single commercial enterprise entity. Competition is a vital subject in enterprise-stage strategic analysis. Thus, the industries and markets in which the company competes is the location for evaluation. Here, the emphasis is on what the company should take concerning the commercial enterprise it…

Strategic management

Detailed Description of Corporate Level Strategy Analysis

08/05/202306/05/2023 Renu Saroha No Comments

Corporate and business levels are the two levels for doing strategic analysis. The analysis focuses on techniques helpful for analyzing the business under the same corporate umbrella and is defined as the corporate level strategy analysis. In contrast, the analysis focusing on the individual businesses from an industry perspective under the corporate umbrella to each…

Strategic management

Exclusive Components of Porter’s Five Forces of Industry Analysis

29/04/202327/04/2023 Renu Saroha No Comments

For analyzing an industry efficiently, it is essential to consider various competitive forces and how they interact with each other to create pressure on one another. These factors decide the nature of competition in the industry. Studying these competitive forces is necessary because industry can only be scrutinized thoroughly. Porter’s five forces is mandatory for…

Strategic management

Major 3 Types of Retrenchment Strategy | Reasons

03/04/202315/07/2023 Study Notes Expert 1 Comment

Retrenchment strategy is a grand strategy implemented when a company aims to limit its activities by substantially reducing or removing any of its business. Any business concerning its specific customer groups, customer function, or alternative technology, either individually or in conjunction, enhances its overall performance. In the next sections, you will know the reasons and…

Strategic management

Growth Strategy: Reasons | Issues | 4 Types

01/04/202331/03/2023 Study Notes Expert No Comments

In a competitive market, growth is the primary objective of any business to ensure its existence. Growth opens up many opportunities for every organization’s employees to grow and expand. To grow efficiently, the company must provide the criteria to develop that need to be fulfill. Growing allows the business to sustain and improve the industry’s…

Strategic management

Main 2 Types of Business level strategy

29/03/202328/03/2023 Study Notes Expert No Comments

Business level strategy defines the combination set of moves and action that takes an aim offer value to the customers and develop competitive advantages. Types of Business level strategy There are two types of business level strategy that are as follows: 1. Generic Business Strategies Michael Porter has said that the business must choose the…

Strategic management

Communication Cycle | 8 Elements of Communication Process

23/03/202302/02/2025 Renu Saroha No Comments

“Scot Ober” rightly points out that Communication is the process of sending and receiving messages, sometimes through spoken or written words and sometimes through non-verbal means such as facial expressions, gestures & voice qualities. It is a complete communication cycle that is completed while transferring ideas or messages. In this article, you will know the…

HRM, Marketing Management, Strategic management

Business Level Strategy: Meaning | Importance | Limitations

16/03/202316/03/2023 Renu Saroha No Comments

Business level strategy is different for each market segment due to the distinct environment. Business-level strategies can also be known as corporate strategies or Strategic Business Unit (SBU). The concept of a Strategic Business Unit (SBU) is based on recognizing the distinct markets served by the business. Business Level Strategy The business level strategy is…

Strategic management

Reasons and Types of Combination Strategy

15/03/202314/03/2023 Renu Saroha No Comments

A combination strategy is believed to be used by a business to accomplish various business goals using an integrated strategy. Strategies for business usually have goals like consolidation, growth, or stability. Combination strategies aim at improving the position of a business within the market. Reliance utilized a lot of different petrochemicals within its business. Reliance…

Strategic management