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 … Read more

Mission Statement: Meaning, examples, Benefits, and Components

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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, … Read more

Strategic Vision: Meaning, Examples, and Benefits

Strategic Vision Meaning Examples and Benefits

Hello Friends, Today, we are going to discuss the 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. … Read more

The 6 stages of the Strategic Management Process

The 6 stages of the Strategic Management Process image

Hello Friends, Today, we are going to discuss the Process of Strategic Management. Let’s start with some basics of the process of strategic management. Strategic Management Process The strategic management process is a six-step process that encompasses (covers) strategic planning, implementation, and evaluation. Although the first four steps describe the planning that must take place, implementation and evaluation are … Read more

Characteristics and Importance of Strategic Management

Characteristics and Importances of Strategic Management Decisions image

Hello Friends, Today, we are going to discuss the characteristics and Importance of Strategic Management. Let’s start with some basics of the Characteristics of strategic Management. The characteristics of strategic management decisions vary with the level of strategic activity considered. Corporate-level decisions are often characterized by greater risk, cost, and profit potential, greater need for flexibility, and … Read more

What is Strategy? Characteristics and Level of Strategy

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Hello Friends, Today, we are going to discuss the Meaning, Characteristics, and level of Strategy. We have already written some articles about Business Environment. It is a series of comprehensive guides for the establishment of entrepreneurship ventures. If You don’t know about the business Environment Please read it once. Let’s start with some basics of strategy. What is strategy? The … Read more