Category Archives: Strategic management

plans for the long term

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. […]

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 […]