Tag Archives | Strategy

Criteria for Evaluating the Strategy of a Firm | Company Management

The strategy adopted by a firm, for the purpose of evaluation as to its effectiveness, should be judged against the following criteria and allied aspects:- 1. Functional Evidence 2. Realism and Practicality 3. Consistency in Direction 4. Assumptions Validity 5. Contingencies Recognition 6. Appropriateness. Criteria # 1. Functional Evidence: (i) What are the performance indicators—quantitative and qualitative—identified for scrutiny? (ii) [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Strategic Planning|Comments Off on Criteria for Evaluating the Strategy of a Firm | Company Management
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Cost Leadership Strategy of a Business | Cost Management

According to Porter, a business can build a substantial competitive advantage by adopting one of two strategies: (a) A differentiation of the product, or (b) A low-cost strategy. While this may be true in the short-run; in the long-run the roots of competitiveness remain in the firm's core competencies and core capabilities. In a global, competitive environment, technology and brands [...]

By |2017-03-04T15:07:50+05:30March 4, 2017|Strategy|Comments Off on Cost Leadership Strategy of a Business | Cost Management
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Corporate Strategies of a Firm: Selection and Types | Management

In this article we will discuss about:- 1. Meaning of Corporate Strategy 2. Strategy Selection 3.  Types 4. Environment Vs. Organisation. Meaning of Corporate Strategy: A corporate business enterprise nowadays is a part of the nation, of a country and of the Globe. It has to undertake its business activities most firmly and promptly keeping in view the international scene [...]

By |2017-03-04T15:07:49+05:30March 4, 2017|Strategy|Comments Off on Corporate Strategies of a Firm: Selection and Types | Management
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