Management

Common Driving Forces The driving forces in an industry are the major fundamental causes of changing an industry and competitive conditions. The internal and external…

Environmental analysis is scrutinizing of the external forces which have the bearing on the functioning of the Business. The environment of an organization consists of it…

A Business’s Key Success Factors (KSFs) are those things that most affect the industry’s ability to prosper in the marketplace. They concern the product attributes,…

The environment of an organization consists of it surrounding anything that affects its operation favorably or unfavorably. The external environment includes the areas of General,…

Environmental scanning is the process of examining the external environment to determine trends and projections of factors that will affect the organization. It involves studying…

Strategic group mapping is a technique for displaying the different competitive positions that rival firms occupy in the industry. It is a significant area with…

Strategic groups are conceptually defined clusters of competitors that share similar strategies and therefore compete more directly with each other than other firms in the…

Michael E. Porter, a professor of Harvard University developed a model regarding the competition in an industry. It is popularly known as “Five forces model…

The environment of an organization consists of it surrounding anything that affects its operation favorably or unfavorably. The external environment includes the areas of General,…

Strategic groups: Strategic groups are conceptually defined clusters of competitors that share similar strategies and therefore compete more directly with each other than other firms…