by kasi | Aug 15, 2009 | Strategy
Strategic planning is the process of formulating, implementing and evaluating strategies to support the cross functional decision of the company. In today’s world, everything is changing with unexpected speed.Competition,Innovation,polices,environment,technology... by kasi | Aug 15, 2009 | Strategy
Competitive profile matrix is an essential strategic management tool to compare the firm with the major players of the industry. Competitive profile matrix show the clear picture to the firm about their strong points and weak points relative to their competitors. The... by kasi | Aug 14, 2009 | Accounting
Accounting cycle is a sequence of accounting procedures which are used to record, classify and summarize accounting information. The accounting cycle begins with the initial recording of business transactions and concludes with the preparation of formal financial... by kasi | Aug 14, 2009 | Strategy
The EFE matrix is the strategic tool used to evaluate firm existing strategies, EFE matrix can be defined as the strategic tool to evaluate external environment or macro environment of the firm include economic, social, technological, government, political, legal and... by kasi | Aug 12, 2009 | Strategy
Porter five forces model, developed by Michael E.Porter of Harvard University in 1979, holds the purpose to analyze the industry in order to determine the level of intensity regarding the competition and attractiveness of the industry. The attractiveness of an... by kasi | Aug 10, 2009 | Strategy
IFE (Internal factor evaluation) matrix is one of the best strategic tool to perform internal audit of any firm. IFE is use for internal analysis of different functional areas of business such as finance, marketing,IT, operations, accounts, Human Resources and others... by kasi | Aug 8, 2009 | Strategy
Mission statement in business language is the statement of purpose for the business. It can also defined as the reason of existence for the business. Mission statement can be defined at corporate and business level, mission statement for corporate representing the... by kasi | Aug 7, 2009 | Economics
Even though we might not have any idea of what actually economics is, but we do know that the resources in our world are limited and so, we are forced to use these resources smartly. Now lets head towards our topic of discussion; Economics, basically, is the study of... by kasi | Aug 5, 2009 | Marketing
From cradle to grave, every human being today is gripped in the sensational brand-whirlwind; more specifically, in the world of brands. Everything from toothpaste to the hospital we visit and the airline we fly by is a brand. Even the destination we fly to is a brand.... by kasi | Aug 1, 2009 | Strategy
Strategic management consist of three stages are formulation, implementation and evaluation of strategies. Each stage based upon set of activities performed by the individual working in the organization. Strategy Formulation Strategy formulation is the first stage of...