Read this essay to learn about the frameworks that serve as good starting points for developing business strategies. Essay # 1. Porter's Generic Strategies: Michael Porter developed the most commonly cited generic strategy framework. According to Porter's typology a business unit must address two basic competitive concerns. First, managers must determine whether the business unit should focus its efforts on [...]
The initiative of corporate management are not limited only to choice of business portfolio or resource allocation. The list of tasks also includes a number of other strategic activities, such as internalisation of business, turnaround of under performing SBUs, determination of routes to be adopted for implementing growth directions, acquisition of new competencies, repositioning of the firm under changed environment, [...]
In this essay we will discuss about the process which helps to make corporate agenda successful. After reading this essay you will learn about:- 1. Identification and Choice 2. Strategic Control 3. Creating the Excitement. Essay # 1. Identification and Choice of Corporate Agenda: The starting point for identifying and choosing an agenda is a correct understanding of complex, interacting [...]