How to Lead in the Business World? There were many famous leaders on the face of globe like Mahatma Gandhi, Nelson Mandela, Adolf Hitler, Martin Luther King, Winston Churchill, Steve Jobs, Napoleon Bonaparte and many more. So there can be as many ways to lead people …
Before understanding core competences you first need to understanding that a company need to have something that customers uniquely value if company want to make good profits. What are Core Competencies The concept of core competency in management theory is originally advocated by two business authors and Gary Hamel …
If you are an employee of a company or a business student you definitely heard the term “business strategy” used in the daily business communication or in business books. But what is business strategy, exactly? And as a business student or a company employee are you aware that …
The Ansoff Growth Matrix is a marketing planning tool which helps a company to determine its product and market growth strategy. Ansoff product/market growth matrix shows that growth of a particular company depend on whether it markets its new, innovative or existing products in new or …
Porter’s Diamond of National Advantage is a model developed by Michael Porter and this model helps in understanding the comparative position of a nation in global competition. This model can also be used for major geographic regions of a single country. Traditionally, economic and international trade …
Bowman’s Strategy Clock is a model used by a company while designing marketing strategy to analyze its competitive position in comparison to the offerings of competitors. It is a diagrammatic representation which shows relationship between customer value and prices. Micheal Porter developed Generic Strategies which also called Porter …
Definition of Critical Success Factor (CSF) Critical success factor (CSF) is refers to specific activities, procedures or areas that are necessary for an organization or project to achieve its mission and for its continued survival. Critical success factors are unique to each organization and these are required …
Definition McKinsey 7s Model is a tool designed for the purpose of examining the structural layout of a particular company or business through considering 7 important internal components, namely strategy, structure, systems, shared values, style, staff and finally skills. The reason behind carrying out such process …
Definition and Meaning of Vision Statement “A company’s Vision is a statement expresses its ultimate objectives.” It is very vital for a company to have a clear and attainable long-term vision. Vision is statement that actually guides top level management (every chief executive) manager or other company’s …
