Everything you need to know about the different approaches to strategic decision making. Strategic decision making is the core of strategic management. Therefore, it is desirable to understand the nature of strategic decision making. Strategic decision is a major choice of an action concerning committing of resources with a view to achieve organizational objectives. Strategic decision-making process is so strategic [...]
In this article we will discuss about:- 1. Definition of Strategic Management 2. Phases of Strategic Management 3. Strategic Management Model 4. Components 5. Need 6. Strategic Management Process 7. Value 8. Importance 9. Challenges 10. Guidelines. Strategic Management: Definition, Phases, Components, Process, Importance and Challenges Strategic Management - Definition: One can generalise and say that the strategic management is [...]
Types of Matrix Used in Business Portfolio Analysis:- 1. BCG Growth-Share Matrix 2. GE Multifactor Portfolio Matrix 3. Hofer's Product-Market Evolution Matrix 4. Market Life Cycle-Competitive Strength Matrix 5. Arthur D. Little Portfolio Matrix 6. Ansoff's Product-Market Growth Matrix 7. Directional Policy Matrix. Learn about:- Business Portfolio Analysis Matrix is a tool used in business analysis as a means of [...]