In this article we will discuss about:- 1. Resource Base of a Firm 2. Value Chain Analysis of a Firm 3. Efficiency and Effectiveness of Resource Utilisation 4. Comparative Analysis of Strategic Capabilities 5. Appropriateness of Organisation and Human Resource Management. Resource Base of a Firm: The resources of any company can be classified into the following broad categories: [...]
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 [...]