Management

Competitive advantage: It is an advantage that a firm has over its competitors, allowing it to generate greater sales or margins and/or retains more customers…

Strategic vision: Strategic visions are ideas for the direction and activities of business development. Generally included in a document or statement so all company managers…

Importance or Necessities of strategic management: Strategic Management refers to the managerial process of forming a strategic vision, setting objectives, crafting a strategy, implementing and…

Strategic plans define the organization’s long-term vision and show the organization intends to make its vision a reality. It describes how a firm will adapt…

Strategic Management refers to the managerial process of forming a strategic vision, setting objectives, crafting a strategy, implementing and executing the strategy. Strategic management is…

Vision: outlines what the organization wants to be, or how it wants the world in which it operates to be (an “idealized” view of the…

The relationship between strategy, strategic plan, and strategic management: There is a strong relationship between strategy, strategic plan, and strategic management. We can realize it…

Objectives: Strategies are specific results that a person or system aims to achieve within a time frame and with available resources. Objectives are basic tools…

Difference between Strategy and Policy Strategy means the skill of managing any affair. It means the skill of managing any affair. It is a method…

Tasks or Functions of Strategic Management Strategic management performs the following five managerial tasks: (1) Developing a strategic vision and business mission: A well-conceived strategic…