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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
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 … Read more
Hello Friends, Today, we are going to discuss Meaning, Features, Importance, and Levels of Strategic Management. We already write 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 once. Let’s start with some basics of strategy. What is strategy? The term … Read more
Today, we are going to discuss Business and government relationship. It is the subtitles of the Political environment. Let’s start with some basics about business and Government. Business and Government Relationship Government and business institutions in a country in many ways are interrelated and interdependent on each other. In today’s global economy, businessmen and entrepreneurs … Read more
Today, we are going to study the Political environment and components of the Political environment. Let’s start with the Introduction of the Political environment. Introduction to the Political environment. Political Environment refers to the influence of government institutions, strategies of political parties, policies of state and local government and the relationship between government and business. … Read more
Today, we are going to study the meaning of environmental analysis, and the process of Environmental analysis. Let’s start with the Introduction of the business environmental Analysis. Introduction to Environment Analysis Environmental Analysis is a process of identifying the relevant factors that have a direct or indirect impact on the effective and efficient functioning of … Read more
Today, we are going to study environmental scanning, types of environment scanning, process and methods/techniques of Environmental scanning. Let’s start with the Introduction of environmental scanning. Introduction to Environment Scanning Environmental scanning is an X-ray of the environment. It is defined as the process of understanding the dynamism and trends of the environment. In other … Read more
Today, we are going to discuss the main components of the business environment that should know before starting a business. Let’s start with some basics of the components of the business environment. Before jump into the components of business environment, Lets revised little bit of business environment. Business environment is a mixture of complex, dynamic and uncontrollable external and … Read more
When I asked someone “What is Environment?” During my job. He replied, “Everything we depend on.” I like this statement and since then, my thinking of the environment and its value hasn’t changed much. In the same line of thought let us understand some of the environment and business relations, definition, some of the features of … Read more