Vertical integration strategy is a way through which companies try to hold their upstream suppliers and downstream buyers. There are three types of vertical integration and vertical Integration strategies are the combination of those strategies that are applied in the organization to acquire control over suppliers, competitors & distributors. Following are the three main types of vertical integration strategy, which are also collectively known as vertical integration strategies.
Grand Strategy Matrix is one of important matrix of strategy formulation frame work. For formulation of alternative strategies, it is popular tool. In Grand Strategy Matrix there are four kinds of quadrants and an organization is placed in one of these four quadrants. In each quadrant of the matrix there is set of strategies specified on the sequential order of attractiveness that are considered by the organization. SWOT Analysis, PEST Analysis, TOWS Matrix and grand strategy matrix all are adopted for same purpose of promoting and establishing business in the market.
Organizations pursue defensive strategies when the circumstances require some sort of adjustments in the structure or functioning of the organization. Three types of strategic Marketing Strategies are regarded as defensive strategies.
You can never understand the types of organizational structure until you do not have the basic idea of organizational structure. Organizational structure is the arrangement in which the organization works at different levels. Work at different level to achieve its organizational goals and objectives. We may also define organizational structure as the allocation of tasks, coordination and supervision towards the achievements of certain organizational goals. There are different types of organizational structure, which works in different organization to achieve its certain goals and objectives. You need to be aware of them all of these types.
The matching stage of strategy formulation includes an important matrix called internal external matrix (IE). It is similar to both internal factor evaluation (IFE) matrix and External Factor Evaluation (EFE) matrix. The outcomes of external & internal position and weighted score are plotted on it. There are nine cells of Internal External Matrix (IE).