External Opportunities and Threats

There are two environments in which any company operates. First one is external environment consist of opportunities and threats and other one is internal environment consist of strengths and weaknesses. Opportunities and threats are uncontrollable factors whereas...

Forward Integration Strategy

The forward integration strategy has been commonly used by many companies due to its popularity in different industries which includes automobiles, fast food, information technology and etc. Forward integration strategy is adopted to gain ownership over its...

Why Firms Not Do Strategic Planning?

In the today’s world of global economy and competitive environment, there are still many firms still not doing strategic planning due to some known and unknown reasons. In some firms where low and middle management has been doing strategic planning but not receive any...

Benefits of Strategic Management

Following are the benefits of strategic management process which allows the organizations to adopt it for the long term success. 1. Strategic management is the process of formulating, implementing and evaluating strategies to achieve its organization objectives. 2....

Porter’s Diamond Model

The Porter’ diamond model was described in his book Competitive Advantage of Nations; it’s an economical model theory, where Porter has approached the facts and figures regarding excel of certain corporation in particular and suitable locations. The Porter has...

Strategic Gap Analysis

Strategic gap refers to the situation where actual performance levels are significantly different than the desired performance levels. The analysis of such situation for the gray areas to be recognized and to suggest what needs to be done to achieve the desired...