Strategic Management is an ongoing process which company has to do in order to keep working/ growing towards targeted goals, it is regular process of growth
When entering a business, a great number of individuals go for a sole Proprietorship because it is effective and easy. It is one of the leading forms of business ownership across the globe and suits new business people and those who work independently. In this blog, you will get to know how sole proprietorship helps … Read more
Sales funnel is a quite popular approach in modern marketing that describes a customer’s path from considering a certain product to purchasing it. Organizations use this to navigate possible clients through a series of stages to achieve the last stage, conversion. So, for becoming an expert of the science of lead conversion and know more … Read more
The sales cycle is a predefined model or a sequence of stages that must be passed before an organisation transforms prospects into buyers. If a company wants its sales teams to be efficient in closing those business cycles, then one must acquire an understanding of each phase of the cycle. In this blog post, we … Read more
In this constantly changing business work environment, product development is crucial for enterprises to adapt. This includes designing new or improved products to meet customers’ needs, promoting innovation, and maintaining a competitive edge. Product development has several steps. It starts with idea generation and ends with the product’s production. This post is worth reading to … Read more
Every single business needs to understand the product life cycle if the product is to remain pertinent, profitable, and sustainable within the market. It helps the company achieve the highest possible profits on its products and thus meet the changing market needs. This post is valuable for understanding the concept of managing product life cycles … Read more
Product management tools are vital in today’s business world. They ensure the efficient development and launch of products. Some tools aim to save time and boost effectiveness in certain tasks. Others unite people with a shared goal into teams. Regardless of whether you are a founder of a startup or responsible for a product in … Read more
What is product management? Product management is a process of strategically working on every stage of the product development lifecycle- from research and development to testing of the product to positioning to customers. Product management acts as a bridge between the business and the customer. They need to understand the business goals and objectives, as … Read more
Knowledge management means properly passing the organizational information into a system. It helps the organizations by providing the essential knowledge to the employees. This allows the companies to enhance their operational productivity and make them more independent. If you would like to know about this phenomenon, then you should thoroughly read this blog. In this … Read more
Flexibility manufacturing system describes the adaption to changes by an organisation for production purpose using technology or strategies. There are three different levels or components of the manufacturing flexibility. Moreover, the advantages of using the system for moving along with market chnages and limitations to use the method are discussed and studied.
Management planning examples refer to the different demos that can be quoted who used the primary function of management i.e planning to achieve the objectives of an organisation. Along with the importance and types of plans discussed, there are few limitations attached that cannot be ignored.
Internal control definition symbolizes the plan or methods used to check the accuracy, safeguard the assets, encourgae adherence to prescribed management policies and operational efficiency of the organisation. In addition it is the integral part of internal control system which has few objectives, advantages and disadvantages as discussed.
What is portfolio analysis in strategic management? Portfolio analysis in strategic management involves analyzing every aspect of the product mix to identify and evaluate all products or service groups offered by the company on the market and to prepare detailed strategies for each part of the product mix to improve the growth rate. It can … Read more