In this article we will discuss about the reasons for the replacement or retirement of an asset in a firm. To remain competitive, necessitates the timely replacement of existing assets and their eventual retirement. Replacement does not mean that an asset has to be duplicated at the end of its economic life, nor does it imply a like-for-like substitution. Instead, [...]
Read this essay to learn about the functional strategies of a firm:- 1. Marketing 2. Finance 3. Production 4. Total Quality Management-TQM- Considerations 5. Research and Development 6. Purchasing 7. Human Resources 8. Information Systems Management. 1. Essay on Marketing: Marketing consists of four dimensions or "four P's" price, promotion, product/service, and place (i.e., channels of distribution). The particular generic [...]
In this article we will discuss about:- 1. General Environment of a Firm 2. Industry Structure of a Firm 3. Power of the Suppliers 4. Power of the Buyers 5. Threats of New Entrants 6. Threats of Substitutes 7. Rivalry among Existing Operators 8. Industry Structure Analysis and Strategic Understanding 9. Competition Analysis 10. Forecasting Industry Trends and Turning Points. [...]