The following article throws light upon the types of corporate strategy. The types are:- 1. Expansion/growth strategies 2. Stability strategies 3. Retrenchment strategies and 4. Combination strategies. A Corporate strategy is one that specifies what businesses a firm is in or wants to be in and what it wants to do with those businesses. It is based on the mission [...]
Some frequently asked exam questions on strategic management are as follows: Q.1. Write a short note on strategic decision making framework. Ans. The widely accepted framework for making strategic decisions may be illustrated as under : Typically, it urges managers to proceed sequentially through the following logical steps : 1 Analyse the environment, 2 Form broad judgments by synthesizing information [...]
In this article we will discuss about the importance of studying strategic management. Innovations and inventions in techniques and in goods and services have stimulated the growth of the 'knowledge industry', and been stimulated by it. As a consequence, the environment of organisations has shown rapid and turbulent change and has led to new forms of competition and challenges to [...]