Tag Archives | Strategic Management

Master Strategy of Firm | Strategic Management

A master strategy of a firm consists of two inseparable parts: Business strategy and Corporate strategy. Each complements the other. Let us consider the following quotes: The strategic aim of a business (is) to earn a return on capital [1], and if in any particular case the return in the long run is not satisfactory, then the deficiency should be [...]

By |2017-03-04T15:07:50+05:30March 4, 2017|Strategy|Comments Off on Master Strategy of Firm | Strategic Management

Bench­marking a Company: Concept and Process | Company Management

In this article we will discuss about the concept and process of benchmarking of a company. Concept of Benchmarking: The concept of benchmarking was pioneered in USA by Xerox Corporation in 1979. Benchmarking is defined as the continuous process of measuring the products, services, and business practices of a company against the toughest competitors or those companies recognised as industry [...]

By |2017-03-04T15:07:50+05:30March 4, 2017|Company Management|Comments Off on Bench­marking a Company: Concept and Process | Company Management

Sources to Gain Competitive Advantage of a Firm | Management

The evidence of researches so far made provides two major approaches to achieving competitive advantage:- 1. Market share approach, and 2. Synergy approach. Major sources of competitive advantage for each of these approaches are indicated in the diagrams next— Market Share Approach: Let us now briefly examine the sources and arguments concerning market share and implications for strategy: 1. Scale [...]

By |2017-03-04T15:07:50+05:30March 4, 2017|Firms|Comments Off on Sources to Gain Competitive Advantage of a Firm | Management
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