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 article to learn about the strategies of a firm at the corporate level. Regardless of the corporate profile, a business may choose to be involved only in its domestic market, or it may compete abroad at one of three levels international, multinational, or global. Effective operation at any of these levels often but not always-necessitates economies of scale [...]
Here is a term paper on the ‘Inventory Management in a Firm’ especially written for school and management students. Term Paper # 1. Objectives of Inventory Management: The basic responsibility of the financial manager is to make sure the firm's cash flows are managed efficiently. Efficient management of inventory should ultimately result in the minimization of the owner's wealth. In [...]