Strategic Management is all about gaining and maintaining competitive advantage, different organisations have different competitive advantage. Anything that firm does better than the competitors is called competitive advantage. For example a cash rich balance sheet at the time of recession may be a competitive advantage, or having a locational advantage , which competitors cannot have. […]
Category Archives: Strategic management
plans for the long term
It is a big challenge today for strategy managers to concentrate on external environment i.e look towards competition and formulate strategy according to the response, or look towards internal resources to achieve the desired growth and objectives. most of the organisatins are very particular about their competitors and the industry in which they are operating. in […]
Today we live in the world of consumerism. Money is all pervasive. We want to buy everything. can happiness be bought over. this may be a question in everyone mind. happiness is a state of mind and emerges from the self. Nature has provided us everything for living . earth to lay air to breathe […]
This is long term planning . any business and enterprise needs to do that for its survival and growth. Any company for that matter plans its policy according to a decided mission and vision. The owners of bharti enterprises , mittals were not in telecom sector in 70s and 80s . And remember it was […]