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 [...]
Read this essay to learn about the process of crisis management in a firm. Forecasting methods are primarily used to project market conditions and performance levels that are at least somewhat predictable. Unfortunately, however, any organization can be faced with largely unpredictable and uncontrollable negative circumstances that can threaten its very existence. Crisis management refers to the process of planning [...]
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 [...]