There
is a phrase which perfectly encompasses the month of November: ‘To be early is
to be on time, and to be on time is to be late.’ When it comes to planning the
impending year, November is the month which sets the dividing line between
strategically on time and strategically late. The New Year waits for no one and
your business strategy for 2017 must be in place long before January 1. Here
are a few thoughts to keep in mind ahead of the holiday rush.
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Friday, 25 November 2016
Bargaining power of suppliers: Porter’s Five Forces
The presence of powerful
suppliers reduces the profit potential in an industry. Suppliers increase
competition within an industry by threatening to raise prices or reduce the
quality of goods and services. As a result, they reduce profitability in an
industry where companies cannot recover cost increases in
their own prices.
Porter’s five forces
The bargaining power of suppliers comprises one of the five forces that
determine the intensity of competition in an industry....
Integrating Intuition and Analysis
The strategic management process can be
described as an objective, logical, systematic approach for making major decisions
in an organization. It attempts to organize qualitative and quantitative information
in a waythat allows effective decisions to be made under conditions of uncertainty.
Yet strategic management is not a pure science that lends itself to a nice, neat,
one-two-three approach.
Based on past experiences, judgment,
and feelings, most people recognize that intuition is...
Strategy-Formulation Framework
Learning Objectives
After understading
this topic you able to understand the basic phenomena of strategy formulation frame
work and also under stand the stages of strategy formulation frame work.
Objectives:
Objective placing an important role in strategic management Strategic analysis and choice largely involves
making subjective decisions based on
objective information. This topic includes important concepts that
can help strategists generate feasible alternatives, evaluate those alternatives, and choose a specific course of
action.
Behavioral aspects of strategy formulation are described, including politics,
culture, ethics, and social
responsibility considerations. Modern tools for formulating strategies are described, and the
appropriate role
of...
RESEARCH AND DEVELOPMENT ISSUES
Learning objectives
The main objective of this chapter to enable to students about research and development issue relating
to strategy implementation.
Going public means selling off a specific percentage of
the business to others in order to raise capital;
consequently, it shifts the owners' control of
the firm. Going public is not recommended for companies that initial costs can be too high for the firm to generate sufficient amount...
5 Successful Marketing Strategies Learned from Steve Jobs...
As a big Apple use, I’ve always been
fascinated by Apple’s ability to take something that no one even knew they
wanted, create it, market it and then sell millions of them at a super high
price point.
I mean after all, anyone that can launch a
product and have customers happily camping outside in the wind and rain to get
their hands on a copy needs to be paid attention to.
So with that in mind, here are 5 successful
marketing strategies we can all take from the life of Apple’s...
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