DIFFERENT TYPE OF STRATEGIES
These may be classified as attack strategies or defence strategies. Attack Strategies 1.Direct challenge (differential advantage) This is a high-risk strategy with a potentially high pay-off. Because market leaders are in a very strong position a large financial investment as well …
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CORPORATE PLANNING
Corporate planning is concerned with every aspect of an organisation and is developed at the highest management level. In some cases this will involve activities spread throughout a number of different countries and the work of thousands of people. By its nature, then, a corporate p…
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STRATEGIC MANAGEMENT IN DIFFERENT CONTEXTS
Although all businesses share common fundamental principles, they can also differ in many ways, such as the following: private companies have objectives such as making a profit or increasing their market share; public-sector organisations may exist to provide a service; a not-f…
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MIS STRUCTURE BASED ON MANAGEMENT ACTIVITY
MIS provides useful information to the different levels of management for discharging their function more effectively and efficiently. In order to understand design of suitable management information system. This means that the structure of management information can be expressed in t…
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TRATEGIC MANAGEMENT AND BUSINESS PLANNING
A business plan is essential for the daily functioning of a business oragnisation. Every organisation needs to have a business plan which is regularly reviewed in order to keep it up to date. The plan is articulated by corporate leaders, who give the organisation direction and sav…
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KEY STEPS/ELEMENTS IN STRATEGIC PLANNING
Strategic planning involves three key steps or elements which are closely interrelated: they are strategic analysis, strategic choice, and strategy implementation. Each of these is discussed below Strategic Analysis Strategic analysis is the first step in strategic planning. It co…
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LEVELS OF STRATEGY
there are three levels of a strategies for a business organization. Namely corporate strategy, tactical strategy, and operational strategy. This are based on various levels of decision making corporate strategies for top level, tactical strategies for middle level, and operational stra…
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Strategic versus Tactical Decisions
strategic and tactical decisions are very important to business firms, but it will be differ in every firms. One issue in strategic management surrounds the distinction between strategic decisions and tactical decisions. A problem in making this distinction is that what is "stra…
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Advantages and Limitations of Formal Corporate Strategic Planning
Corporate strategic planning is essential if an organisation is to survive, let alone expand. No organisation can remain on a plateau; if it is not going up then it is going down, since all other organisations in the same sector will always be trying to increase their own market share…
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WHAT IS STRATEGY?
DEFINITION "a decision about how to use available resources to secure a major objective in the face of possible obstructions......such as competitors, public opinion, legal status, taboos and similar forces". …
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