B.Com, M.Com. BBA & MBA Exam Study Online
Marketing plays a very important role for the success of the organization. So, following are seven functions of marketing which should be understood by strategists. Basically to point out the strengths and weaknesses of the organization more effectively.
Change Management Model: A change is a change from a previous situation. This change can come from different causes (involuntary or voluntary) and can have consequences on performance management, opportunity management and risk management in a company.
For the formulation of the framework, another important matching tool is used, known as Strategic Position and Action Evaluation or SPACE Matrix. It specifies the current strategic position of the Business Organization and the required actions that need to be taken.
The management consulting organization Boston consulting group matrix (BCG) is an analytical tool which is founded in 1963 by Harvard Business School alum Bruce Henderson.
Internal Factor Evaluation Matrix (IFE Matrix) is important for conducting internal strategic management Audit. The strengths & weaknesses of the organization in its different functional areas are highlighted through the IFE matrix.
