Mistakes made by Business Management:- The best salespeople need the best managers. Here is Summary of the 5 mistakes made by the management of the organization; you need to remember as an entrepreneur. Mistakes made by Business Management Use the Wrong Motivational Levers The commercial incentive is one of the most effective motivational tools. In the […]
Components of a Business Strategy
Components of a Business Strategy :- Leading companies have a business strategy based on four essential fundamentals: Values, Mission, Vision and Value Proposition for the customer, all of them with solid foundations. However, it is surprising how companies today do not take these pillars into account when realizing a business strategy that are essential for […]
How to Develop a Strategic Plan? | Structure and Process
Do you wants to know how to start developing a strategic business plan? First we must differentiate between business plan and strategic plan. A business plan is usually done for different reasons, such as investment research, and covers general concepts about the company such as business model, sales model, financing required and others, however, a strategic […]
Business Long Term Objectives in Strategic Management
Long term objectives are prepared from the mission statement of the organization on the basis of which all other activities depend. Long term objectives highlight the expected consequences that emerged from application of certain strategies. All the strategies of the Business Organization are formulated & implemented in the guidance of the long term objectives. These […]
Strategy Implementation vs Strategy Formulation
After completing the phase of strategy formulation, the next important stage is the strategy implementation in Strategic Management in which the theoretical work is converted into practical one. In order to produce effective business performance, the strategies & plans should be converted into individual actions. Strategy implementation is the most difficult stage of the whole […]
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