Category: Management Approach
Resource and competence analysis is a method used by organizations to assess their internal capabilities and strengths in order to develop strategies that can enhance their competitive advantage. It involves identifying and evaluating the...
Attack Strategies: An attack strategy in business refers to a plan or a set of tactics that a company uses to gain a competitive advantage over its rivals. This can involve aggressive marketing tactics,...
The levels of organization in a business environment are typically categorized as follows: These levels are interdependent and affect each other, and businesses must consider all three levels when making decisions and developing strategies....
The Ansoff Matrix is a strategic planning tool developed by Igor Ansoff, a Russian-American mathematician and business theorist. The matrix is designed to help businesses identify new growth opportunities by analyzing four strategic options....
Porter’s Five Forces is a simple but powerful tool for understanding the competitiveness of your business environment, and for identifying your strategy’s potential profitability. This is useful, because, when you understand the forces in...
The BCG Matrix, also known as the Boston Consulting Group Matrix, is a strategic planning tool that helps businesses analyze their product portfolio in terms of market share and growth potential. The matrix was...
The model was developed in the late 1970s by Tom Peters and Robert Waterman, former consultants at McKinsey & Company. McKinsey’s 7S Model is a framework for analyzing and improving an organization’s effectiveness. The...
Mintzberg’s 10 schools of thought is a classification framework of different theories, approaches, and perspectives on management. It was proposed by Henry Mintzberg, a leading scholar and author on management and organizational behavior. The...
Prescriptive (or deliberate) strategy Prescriptive (or deliberate) strategy refers to a strategic approach that is carefully planned and intentionally designed to achieve specific goals and objectives. In this type of strategy, the organization has...
The Competing Values Framework (CVF) is a management model that provides a comprehensive framework for understanding and managing organizational culture. It was developed by Robert E. Quinn and Kim S. Cameron at the University...