Strategic Management

The Strategy Evaluation Process is a systematic approach to assessing an organization’s strategy ...

The Three Strategy Evaluation Activities are essential steps that help organizations assess and m...

The Balanced Scorecard (BSC) is a strategic management tool developed by Robert Kaplan and David ...

An Effective Strategy Evaluation System is essential for assessing the success of an organization...

Contingency Planning is a proactive approach to preparing for unexpected events that could disrup...

Auditing in strategic management involves evaluating the organization's strategy formulation, imp...

Effective Strategic Management involves continuously planning, implementing, and evaluating strat...

In the modern business environment, organizations are increasingly expected to act in ways that a...

An internal audit is a critical process for assessing an organization’s strengths and weaknesses ...

Overview Organizational culture can be defined as a “pattern of behavior that has been developed ...

An internal audit in the functional areas of business involves identifying and evaluating a firm'...

Overview The financial condition of a firm is the single best measure of its competitive position...

Production/Operations The production/operations function involves activities that transform input...

Overview Value Chain Analysis (VCA) is a strategic tool used to identify the activities within an...

Benchmarking is a strategic process that involves comparing an organization’s operations, process...

Overview The Internal Factor Evaluation (IFE) Matrix is a strategic tool used in the strategy for...

Overview The McKinsey 7S Framework is a management model developed in the early 1980s by Tom Pete...

Purpose and Nature of External Audit External Strategic-Management Audit (Also known as Environme...

Overview PESTEL Analysis is a strategic framework used to identify macro-environmental influences...

Porter’s Five-Forces Model is a framework developed by Michael Porter that analyzes the competiti...

Strategic information is crucial for organizations to understand their external environment and t...

Forecasting is a critical component of the strategic management process and plays a vital role in...

The External Factor Evaluation (EFE) Matrix is a strategic tool used to summarize and evaluate th...

The Competitive Profile Matrix (CPM) is a strategic tool that allows organizations to identify an...

The Strategy Analysis and Choice Process is a critical component of strategic management. It invo...

The Strategy Formulation Analytical Framework is a structured approach that organizations use to ...

Internal Factor Evaluation (IFE) Matrix The IFE Matrix is a strategic tool used to analyze intern...

The Competitive Profile Matrix (CPM) is a strategic tool that compares a company to its main comp...

SWOT and SPACE analyses are two essential tools used in strategic management to evaluate an organ...

The BCG Matrix, developed by the Boston Consulting Group, is a strategic tool used to evaluate an...

The Internal-External (IE) Matrix is a strategic management tool that helps organizations assess ...

The Grand Strategy Matrix is a strategic tool that helps organizations determine the most suitabl...

The Quantitative Strategic Planning Matrix (QSPM) is a tool that helps organizations objectively ...

The Culture and Politics of Strategy Analysis and Choice refers to the impact of organizational c...

In today’s business environment, Social Responsibility and Ethical Sensitivity are critical param...

Long-term objectives are specific results that an organization seeks to achieve in pursuing its m...

In Strategic Management, strategies are developed at different levels within an organization to e...

Integration strategies are approaches used by companies to expand control over different parts of...

Intensive strategies are growth strategies that focus on increasing a company's market share, rev...

Diversification strategies involve expanding a company’s products or markets to reduce risk and c...

Defensive strategies are approaches that organizations use to protect their market position, prof...

Generic strategies are fundamental approaches that companies can use to gain a competitive advant...

Achieving strategic objectives often requires specific methods that help companies gain a competi...

Tactics of facilitating strategies are short-term, actionable methods that help companies effecti...

Strategic management involves setting goals, planning actions, and allocating resources to achiev...

Definition of Strategic Management Strategic management is defined as: "The art and science of f...

Understanding key terms in strategic management is crucial for grasping how organizations plan, i...

Strategic management is a process that involves the formulation, implementation, and evaluation o...

Components of the Strategic Management Model The strategic management model is a comprehensive f...

Strategic management is essential for organizations to navigate complex business environments eff...

The concept of strategic management has its roots in military strategy. Terms such as "objectives...

Vision Statement Definition and Purpose A Vision Statement answers the question, "What do we want...

Developing a vision and mission statement is a crucial part of an organization's strategic planni...

A mission statement is a critical component of an organization's strategic management process. It...

Developing and refining the skill of writing and evaluating mission statements is essential for s...

Successful strategy formulation does not guarantee successful strategy implementation. Although f...

Effective Strategy Execution requires setting clear objectives, establishing policies, allocating...

Matching Structure and Strategy is a fundamental concept in strategic management. It emphasizes t...

An Organizational Structure defines how roles, responsibilities, and authority are arranged and h...

An Organizational Chart visually represents the structure of an organization, illustrating relati...

In Strategy Implementation, various challenges arise from production and operations, human resour...