Articles on Strategic Management

Strategic Management – Meaning and Important Concepts

Strategic Management – An Introduction Strategic Management is all about identification and description of the strategies that managers can carry...

Strategy – Definition and Features

The word “strategy” is derived from the Greek word “strategos”; stratus (meaning army) and “ago” (meaning leading/moving). Strategy is an...

Components of a Strategy Statement

The strategy statement of a firm sets the firm’s long-term strategic direction and broad policy directions. It gives the firm...

Strategic Management: Importance of Vision and Mission Statements

One of the first things that any observer of management thought and practice asks is whether a particular organization has...

Strategic Management Process – Meaning, its Steps and Components

The strategic management process means defining the organization’s strategy. It is also defined as the process by which managers make...

Environmental Scanning – Internal & External Analysis of Environment

Organizational environment consists of both external and internal factors. Environment must be scanned so as to determine development and forecasts...

Steps in Strategy Formulation Process

Strategy formulation refers to the process of choosing the most appropriate course of action for the realization of organizational goals...

Strategy Implementation and its Steps

Strategy implementation is the translation of chosen strategy into organizational action so as to achieve strategic goals and objectives. Strategy...

Strategy Formulation vs Strategy Implementation

Following are the main differences between Strategy Formulation and Strategy Implementation- Strategy Formulation Strategy Implementation Strategy Formulation includes planning and...

Strategy Evaluation Process and its Significance

Strategy Evaluation is as significant as strategy formulation because it throws light on the efficiency and effectiveness of the comprehensive...

Strategic Decisions – Definition and Characteristics

Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and...

Identifying Market Segments and Selecting Target Markets

Market for product is big and diverse making it difficult for companies to be able to satisfy every customer. Companies...

Benefits of Strategic Management

There are many benefits of strategic management and they include identification, prioritization, and exploration of opportunities. For instance, newer products,...

Business Policy – Definition and Features; Difference between Policy and Strategy

Definition of Business Policy Business Policy defines the scope or spheres within which decisions can be taken by the subordinates...

BCG Matrix – Meaning and its Limitations

Boston Consulting Group (BCG) Matrix is a four celled matrix (a 2 * 2 matrix) developed by BCG, USA. It...

SWOT Analysis – Definition, Advantages and Limitations

SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. By definition, Strengths (S) and Weaknesses (W) are considered to...

SWOT Analysis of Google

Download PPT for Complete Course on SWOT Analysis Total Slides: 130 Introduction Google is probably the world’s best-known company for...

SWOT Analysis of Starbucks

Starbucks is a globally recognized coffee and beverages brand that has rapidly made strides into all major markets of the...

SWOT Analysis of Blackberry

Introduction Blackberry, which was the pioneer in mobile-based technologies with its best selling original Smartphones, has been in the news...

Steps in Preparing Personal SWOT Analysis

What to do when listing Strengths and Weaknesses A personal SWOT Analysis is needed to understand where one stands with...

SWOT Analysis of Amazon

Introduction Amazon is the world’s leading online retailer and its success has spurred other physical, brick, and mortar retailers to...

SWOT Analysis of IKEA

Introduction This article analyzes the strategy of the world’s leading furniture retailer, IKEA using the SWOT Methodology. The company was...

SWOT Analysis of Nike

Strengths The biggest strength of Nike is that it is an extremely competitive organization with its approach of “Just Do...

SWOT Analysis of Microsoft

Introduction The recent announcement of the change of leadership at the helm of Microsoft has sparked speculation about possible strategic...

SWOT Analysis of China Mobile

Introduction China Mobile is a Chinese Telecom major that has been in the news in recent years because of its...

Competitor Analysis – Meaning, Objectives and Significance

Organizations must operate within a competitive industry environment. They do not exist in vacuum. Analyzing organization’s competitors helps an organization...

What is Competitive Advantage in the Field of Strategic Management?

What is Competitive Advantage? It is a truism that strategic management is all about gaining and maintaining competitive advantage. The...

Human, Social, and Intellectual Capital as a Means of Competitive Advantage

Introduction: Why Should Firms and Nations Invest in Human, Social, and Intellectual Capital We often hear economists and management experts...

Porters Five Forces Model of Competition

Michael Porter (Harvard Business School Management Researcher) designed various vital frameworks for developing an organization’s strategy. One of the most...

Blue Ocean Strategy and its Implications for Businesses

Introduction Blue Ocean Strategy is a concept that has been pioneered by INSEAD Professors, W. Chan Kim, and Renee Mauborgne....

Overfished Ocean Strategy: How to Drive Growth and Attain Profitability

To say that we are facing a resource crunch seems obvious to anyone who is remotely tuned into the present...

Porters Five Forces Analysis of the Airlines Industry in the United States

Five Forces Analysis Porter’s Five Forces analysis is a useful methodology and a tool to analyze the external environment in...

Porters Five Forces Analysis of Samsung

Introduction Porter’s Five Forces methodology is used in this article to analyze the business strategies of white goods makers like...

Porters Five Forces Analysis of Virgin Atlantic

Introduction To introduce the article, it would suffice to say that each of the five forces that are discussed subsequently...

Porters Five Forces Analysis of China Mobile

Introduction China Mobile operates in a monopoly like market in the domestic Chinese telecom sector and hence, the application of...

Strategic Leadership – Definition and Qualities of a Strategic Leader

Strategic leadership refers to a manager’s potential to express a strategic vision for the organization, or a part of the...

Some Pitfalls to be Avoided in Strategic Management

It needs to be remembered that strategic management and strategic planning are intricate and complex processes that take the organization...

Corporate Governance – Definition, Scope and Benefits

What is Corporate Governance? Corporate Governance refers to the way a corporation is governed. It is the technique by which...

Business Ethics – A Successful way of conducting business

Definition of Business Ethics Business Ethics refers to carrying business as per self-acknowledged moral standards. It is actually a structure...

Social Responsibilities of Managers

Social responsibility is defined as the obligation and commitment of managers to take steps for protecting and improving society’s welfare...

Core Competencies – An essential for Organizational Success

What is Core Competency? Core competency is a unique skill or technology that creates distinct customer value. For instance, core...

Strategic Management: Core Competency Theory of Strategy

Core Competency Theory The core competency theory is the theory of strategy that prescribes actions to be taken by firms...

Ansoff Matrix

Introduction The famous management expert, Igor Ansoff provided a roadmap for firms to grow depending on whether they are launching...

Routes to Strategic Growth: Organic or Inorganic Growth

Organic Growth Organic growth in management parlance refers to the growth of a company that occurs naturally. In other words,...

Diversification as a Viable Corporate Strategy

Introduction Diversification is one of the strategies pursued by firms wishing to grow in newer markets and by launching newer...

Mintzbergs Five Configurations of Strategic Management

The famous management expert, Henry Mintzberg, proposed a five configurations approach to strategic management wherein any organization can be broken...

Role of Planning, Plans and Planners in Mintzbergs Five Configurations

Role of Planning, Planners, and Plans The previous article discussed the five configurations of organizational structure that Mintzberg proposed as...

Why Some Firms Do Not Do Strategic Planning

Many firms do not engage in strategic planning and some firms do strategic planning that is poor and ill conceived....

Strategic Management to the Millennial Generation

The Rise of the Millennials The previous articles discussed the various aspects of strategy and how businesses can use different...

Own the Future: Insights from Recent Research into Strategizing for the Future

This article discusses the ten qualities needed for companies to stay ahead of the competition and win the race for...

PESTLE Analysis of the Global Aviation Industry

Introduction When we think of airlines, we usually think of luxury and opulence as well as comfort and convenience. However,...

PESTLE Analysis of Starbucks

Introduction The macroeconomic environment that Starbucks operates in is characterized by the ongoing global economic recession, which has dented the...

PESTLE Analysis of Samsung

Introduction Samsung is a global conglomerate that operates in the “White Goods” market or the market for consumer appliances and...

SWOT Analysis of Unilever

Introduction Unilever operates in nearly 190 countries around the world and has been a traditional paragon of excellence and quality...

Business Strategies to Beat the Downturn

Introduction: The Effect of the Downturn and How Companies Can Cope The ongoing global economic crisis has impacted most of...

Analysis of Amazon’s Corporate Strategy

Introduction Amazon is the world’s largest online retailer and is indeed a pioneer in the online retailing space. Though it...

How Amazon Can Improve its Corporate Strategy

Drivers of Corporate Strategy Any choice of strategic options must necessarily be in tune with the drivers of corporate strategy....

Cutting Costs Strategically

The business environment today has become extremely competitive. Companies are not only facing competition from their local competitors but also...

Actualizing Business as Usual Strategies for Mission Critical Organizations and Functions

What are BAU or Business As Usual Strategies and how do they Work? Business as Usual or BAU strategies and...

Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by...

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Articles on Strategic Management