What is Goals ? Organizational goals refer to the ideal situations to be achieved in undefined time-duration in future. These goals direct the daily activities and decisions. However, goals do not essentially lead to the quantifiable outcomes. These statements are related to the vision and mission statements. Goals can be followed for day-to-day operational activities and … Read more
What are the New Business Models For Internet Economy ? The method of managing a business with the aid of infrastructure based on Internet and World Wide Web is called as Internet Economy. There are various distinguishing factors in an internet economy in comparison with the traditional economy including market segmentation, price, distribution costs, communication, … Read more
What is Stretch, Leverage and Fit ? There is a major mismatch between the available resources of an organisations and the kind of growth expectations that it has. To bridge this gap, organisation needs to stretch and be innovative in the utilization of available resources so that the maximum benefit can be derived by the organisation. … Read more
What is Triple Bottom Line (TBL) ? The dynamic nature of this world and the business environment is quite evident to one and all. In the present day economy, sustainability has become a vital element to provide competitive edge to the firms financially, socially and environmentally. The notion of triple bottom line, which is an … Read more
Change is inevitable. Whether in business, technology, or daily life, adapting to change is key to staying ahead. But let’s be honest—change isn’t always easy. It can stir up resistance, create uncertainty, and disrupt established workflows. This is where change management comes in. It provides a structured approach to transitioning individuals, teams, and organizations from … Read more
What is Strategic Group Analysis ? A strategic group consists of firms that follow similar strategies and similar business models. There may be several strategic groups in an industry. The firms residing in the strategic group face more intense competition than the firms residing outside the group. Hence, it can be said that intra-group competition … Read more
What is Expansion Strategy ? In the competitive environment, growth is considered as the most common long-term goal of every enterprise in order to sustain their existence. Growth provides wide range of opportunities to each and every individual in the organisation for its existence and expansion. In order to grow successfully, the organisation has to … Read more
What is Retrenchment Strategy ? Retrenchment is a corporate strategy that aims to decrease the scale of operations of the company. It can also involve cutting down the expenditure of the company so that it becomes financially viable. It can involve reducing the number of product lines or businesses, withdrawing from certain geographical markets so … Read more
What is Sustainability ? In common parlance, sustainability means the capacity to endure. In ecology, it is a term describing how biological systems remain diverse and productive over a period of time. For human beings, sustainability should be understood as the potential for long-term maintenance of well-being, which in turn rests with the well-being of … Read more
What is Key Result Areas (KRAs) ? Key Result Areas in Strategic Management : The Key Result Areas (KRAs) refer to the broad level of responsibilities for which an employee is accountable. It is derived from the department’s goals to which the employee belongs. It splits the overall job of the employee into a set of activities or areas and mentions goals for … Read more