Suman (Kul Prasad) Pandit

Suman(Kul Prasad) Pandit  is a graduate from Tribhuvan University, Nepal with four-year experience in corporate and start-up sectors in Nepal. Being a responsible & sustainable business enthusiast he is dedicated to business education to solve problems in entrepreneurship and business growth.

Steps in Strategy Formulation Process

We are going to discuss the Steps in the Strategy Formulation Process. Let’s start with some basics of the Strategy Formulation. Concept of Strategy Formulation Strategy formulation is the process of choosing the best possible strategy out of several other strategic options. “Strategy formulation is designed to guide executives in defining the business their company is in‚ the …

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Technological Environment: Types, Component, Relationship

We are going to discuss the Technological Environment: Types, Component, Relationship with business and human resources. Let’s start with some basics of the Technological Environment. Concept of Technological environment Technology is the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, methods of organization, in order to solve a problem, improve a pre-existing solution to …

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Strategic Options

Hello Friends, Today, we are going to discuss the Strategic Options. We already write some articles about Strategic Management: Meaning, Features, Importance, and Levels. Let’s start with some basics of the Strategic Options. Concepts of Strategic Options Strategic options are creative alternative action-oriented responses to the external situation that an organization (or group of organizations) faces. Strategic options take advantage …

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Competitive Capabilities

Hello Friends, Today, we are going to discuss Competitive Capabilities. Let’s start with some basics of Competitive Capabilities. Capabilities Capabilities refer to a corporation’s ability to exploit its resources. They consist of business processes and routines that manage the interaction among resources to turn inputs into outputs. For example, a company’s marketing capability can be based …

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Internal Analysis: Concept, Area, Process, and Method

Hello Friends, Today, we are going to discuss the Internal Analysis: Concept, Area, Process, and Method. Let’s start with some basics of the Internal Analysis. Concept of internal analysis It is the process of identifying the resource strength and its capabilities to determine organizational strength and competency to be in a better position in the market.  In …

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Mission Statement: Meaning, examples, Benefits, and Components

Hello Friends, Today, we are going to discuss Meaning, examples, and benefits and components of Mission Statement. Let’s start with some basics of the Mission Statement. Concept of Mission Statement The mission statement is a short statement of what its overall goal is, why an organization exists, identifying the goal of its operations: what kind of service and product it provides, …

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Strategic Vision Meaning Examples and Benefits

Strategic Vision: Meaning, Examples, and Benefits

Hello Friends, Today, we are going to discuss Meaning, examples, and benefits of Strategic Vision. Let’s start with some basics of the Strategic Vision Introduction to Strategic vision A Vision statement outlines what the organization wants to be, or how it wants the world in which it operates to be. It concentrates on the future. It …

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Role of CEO in Strategic Management image

Role of CEO in Strategic Management

Hello Friends, Today, we are going to discuss the role of CEO in Strategic Management. Let’s start with some basics of the CEO and the role of CEO in Strategic Management Role of CEO in Strategic Management The chief executive is the executive head of the organization. S/he represents the top management. His/her main duty is to define the …

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