Read this article to learn about the strategies of a firm at the corporate level. Regardless of the corporate profile, a business may choose to be involved only in its domestic market, or it may compete abroad at one of three levels international, multinational, or global. Effective operation at any of these levels often but not always-necessitates economies of scale [...]
In this article we will discuss about:- 1. Concept of Corporate Strategy Audit 2. Outline of Corporate Strategy Auditing Process 3. When to Conduct Strategy Audit 4. Reasons for Organising Strategy Audit Periodically. Concept of Corporate Strategy Audit: The core of strategy audit, for any corporate entity, lies on two important questions: (i) How well a strategy is working, and [...]
In this article we will discuss about the concept of gap analysis, explained with the help of suitable diagrams. In preparing the situation analysis and audit, a thoughtful forecast is usually made for sales or profits of current products as well as those that are to be added in the future. If the forecasts are not equal to the desired [...]