by kasi | Jan 5, 2013 | Strategy
The art and science of formulating, implementing and evaluating cross-functional decision to allow an organization to attain its defined long term objectives. Strategic management can be also defined as the systemic process of identifying internal and external factors... by kasi | Jan 4, 2013 | Strategy
There are number of organizations that has been doing business domestically means the investors are local. However, if an organization conducts business across the border or outside domestic/local market in that case it is called an International firm or multinational... by kasi | Jan 4, 2013 | Strategy
Strengths are strong functional areas where organization are performing well whereas, weaknesses are the underperformed areas of an organization that could be improved in a different ways. Strengths and weaknesses are internal therefore, categorize as controllable... by kasi | Jan 4, 2013 | Strategy
External opportunities and threats are political, legal, economical, social, environmental, technological, cultural and competitive trends, events and factors that may benefit or harm an organization in future. In contrast to strengths and weaknesses of an... by kasi | Dec 31, 2012 | Strategy
Environmental scanning is a process of conducting a research (Primary or secondary research) and gathering external environment information or industry analysis. External environment includes competitor analysis, customer analysis, supplier analysis, industry... by kasi | Dec 31, 2012 | Strategy
There could be many benefits for practicing strategic management in organizations. However, empowerment is one of the best benefit that comes with strategic management in organization. Empowerment can be defined as, increase employee effectiveness, confidence and...