Management An organized group of activities is called Management, which is One of the most essential aspects of the economic life of humans. In the modern social organization, management is considered an essential institution. When efforts of humans are carried out cooperatively to satisfy the needs through productive activities, professional or occupation is either one […]
FUNCTIONS OF MANAGEMENT Read More »
The Fall and Rise of Strategic Planning – Summary The Fall and Rise of Strategic Planning by Henry Mintzberg highlights the three crucial issues regarding Strategy and Planning. Firstly, the difference between Strategic Planning and Strategic Thinking is explained in detail. Secondly, the process of strategy-making is explained. And finally, the major pitfalls of Strategic
The Fall and Rise of Strategic Planning Read More »
6 Steps to Make Your Strategic Plan Really Strategic – Summary The article “6 Steps to Make Your Strategic Plan Really Strategic”, a real strategic planning article written by Graham Kenny, discusses the flows and six steps technique to make plan really strategic. The six steps for real strategic plan are: Recognize your dependencies Identify
6 Steps to Make Your Strategic Plan Read More »
How Competitive Forces Shape Strategy – Summary The article “How Competitive Forces Shape Strategy”, a strategic planning article written by Micheal E. Porter, discusses the nature and degree of competition in an industry hinge on five forces: The threat of new entrants The threat of substitute products or services The jockeying among current contestants The
How Competitive Forces Shape Strategy Read More »
Michael Porter Asks, and Answers: Why Do Good Managers Set Bad Strategies? – Summary This article identifies the factors behind the crucial question “Why do good managers come up with bad strategies?” and also highlights self-inflected corporate errors due to a singular focus on maximization of shareholder value. This article is based on the questions
Why Do Good Managers Set Bad Strategies? Read More »