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Home » Strategy » Page 2

Expert insights on strategic planning & implementation for businesses. Learn to create effective strategies for growth and success.

Competitive Strategies – Definition, Limitations, and the Importance

July 29, 2020 | By Hitesh Bhasin | Filed Under: Strategy

Competitive strategies - 1

Definition A Competitive strategy can be defined as the action plan which takes place over a long period of time and is used by different companies…

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Secondary Industry: Meaning, Types, Characteristics, and Examples

October 18, 2019 | By Hitesh Bhasin | Filed Under: Strategy

What is Secondary Industry

Secondary industry is defined as the industry that deals with the raw materials effectively collected by the primary industry so that they can convert them…

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Primary Industry: Meaning, Types & Example of Primary Industry Explained

October 18, 2019 | By Hitesh Bhasin | Filed Under: Strategy

What is Primary Industry

Primary industry is defined as an industry that is concerned with extracting the natural resources on the earth so that they can be converted into…

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Social Impact: Meaning, Theory, and Different Sectors associated

October 18, 2019 | By Hitesh Bhasin | Filed Under: Strategy

What does happen when an organization’s positive or negative activities cause effects on the well being or the existence of society? It causes some sorts…

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Loss Leader: Characteristics, Examples, Advantages, and Disadvantages

October 18, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Loss Leader

A loss leader is classified as a pricing strategy where the product is sold at a lower price than the existing market price in order…

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Strategic Alliance: 4 Types, Examples, Advantages, and Disadvantages

June 19, 2020 | By Hitesh Bhasin | Filed Under: Strategy

Strategic

A strategics alliance can be defined as an agreement between two or more companies to achieve common business goals by sharing their strengths and resources….

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Industry Analysis: Meaning, Types, Benefits, Limitations, and Necessity

October 18, 2019 | By Hitesh Bhasin | Filed Under: Strategy

What is Industry Analysis

Industry analysis is defined as an assessment tool designed to offer business entity a comprehensive idea about the complex nature of a specific industry. It…

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Horizontal Diversification: Conglomerate and Concentric Diversification

March 8, 2020 | By Hitesh Bhasin | Filed Under: Strategy

Before understanding Horizontal Diversification, you should know what diversification is? Diversification is a corporate strategy that is used to bring new products into existing market…

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Corporate Social Responsibility: Meaning and Examples Included

January 6, 2021 | By Hitesh Bhasin | Filed Under: Strategy

Corporate social responsibility is a way in which companies integrate social and environmentally beneficial programs in their business processes. Companies participating in these causes by…

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Backward Integration: Meaning, Importance and Examples

May 10, 2020 | By Hitesh Bhasin | Filed Under: Strategy

Have you heard about backward integration? Confused how such a term plays a key role in managing and optimizing a business? Then let me define…

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Barriers To Entry: Meaning, Types, Examples

July 31, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Barriers to Entry

Barriers to entry can be defined as the blockades that a new startup or a company faces entering a market. Barriers can be of different…

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Environmental Scanning – Importance Of Environmental Scanning

July 31, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Environment Scanning

Environmental scanning is a constant and careful analysis of the internal and external environment of an organization in order to detect opportunities, threats, trends, important…

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What are Barriers to Exit for Businesses?

July 31, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Barriers to Exit

Barriers to Exit are hindrances or barriers that stop a company from exiting a market in which it is considering a closure from where it…

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What is Volume Discount?

June 3, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Volume Discount

Definition Volume Discount can be defined as when the business or the brand gives the financial incentives or advantages in order to motivate the customers…

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What is the Importance of Mission Statement to an Organization?

September 6, 2023 | By Hitesh Bhasin | Filed Under: Strategy

Importance of Mission Statement - 1

Every organization has a mission statement and it holds quite a significant place in the entire brand and company architecture. The importance of mission statement…

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The Importance of Strategic Planning in an Organization

September 6, 2023 | By Hitesh Bhasin | Filed Under: Strategy

Importance of Strategic Planning - 1

Every business needs to be goal-oriented having a specific set of aims and objectives. The importance of strategic planning comes into the picture here. It…

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Difference between Goals And Objectives in Marketing

August 6, 2020 | By Hitesh Bhasin | Filed Under: Strategy

Goals vs objectives are two terms which are most commonly used in business and education sectors and are commonly confused with each other. These two…

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What is the Importance of Innovation to an Organization?

April 13, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Importance of Innovation - 1

As they say, necessity is the mother of innovation. And this theory or a phrase holds so much significance even today. In today’s dynamic market…

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Porter’s Diamond Model – Concept, Strategy and Examples

June 1, 2020 | By Hitesh Bhasin | Filed Under: Strategy

Porter’s Diamond model - 4

Porter’s Diamond model is an economic model that is developed by Michael Porter that aims to highlight and explain on why particular industries or nations…

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SOAR analysis – Examples, Model, Concept, and Template

March 28, 2019 | By Hitesh Bhasin | Filed Under: Strategy

SOAR Analysis - 3

There are many different strategic tools available for a firm which help them in decision making and deciding a way forward. One of them is…

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Difference between Strategy and Planning – Strategy versus Planning

March 27, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Strategy and planning - 1

In a business environment, planning and strategy are two words that you will come across frequently. It is very important to have a clear understanding…

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15 Types of Marketing Strategies

September 1, 2020 | By Hitesh Bhasin | Filed Under: Strategy

Marketing Strategies - 1

A right marketing strategy plays an important role in the success of a business. Every company chooses and spends a lot of money for the…

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What is Vrio Analysis? 4 Question Vrio Framework Explained

April 17, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Vrio Analysis - 3

Vrio Analysis can be defined as an inception of the 4 question framework that focuses on the resources and the capabilities of the organization to…

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What is Technology Life Cycle? 4 Stages of Technology Life Cycle

April 17, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Technology Life Cycle - 4

The Technology Life Cycle can be defined as how the technology and its processes affect the business processes and impact the entire life cycle of…

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What is Carroll’s Pyramid of Corporate Social Responsibility?

March 1, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Pyramid of Corporate Social Responsibility is a simple framework that argues on the aspect that why organizations should meet their corporate social responsibilities. The pyramid…

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What is the CAGE Framework ? Cage Analysis Explained

October 21, 2020 | By Hitesh Bhasin | Filed Under: Strategy

CAGE Framework - 2

The CAGE Framework identifies the Cultural, Administrative, Geographic, and Economic differences between the various countries that companies should address and take care of whilst working…

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3 Main Types of Business Strategies Planning

October 23, 2020 | By Hitesh Bhasin | Filed Under: Strategy

Strategies - 3

Strategy is a word when pronounced, the hearer picturizes a crouched person, alert and ready to attack at his enemy with focus, discipline and most…

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9 Types of Benchmarking

April 17, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Benchmarking - 2

The process of comparing your business metrics to understand the performance of strategies and processes is called benchmarking. Benchmarking makes sure that the practices that…

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What is 3C Model by Ohmae?

April 17, 2019 | By Hitesh Bhasin | Filed Under: Strategy

3C Model by Ohmae - 6

The 3C Model by Ohmae was developed by the Japanese organizational theorist Kenichi Ohmae and is an industrial model. It offers the strategic outlook and…

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What is House Of Quality? Concept & Advantages Explained With Example

March 19, 2020 | By Hitesh Bhasin | Filed Under: Strategy

House of Quality can be defined as the most convenient, easy, and simple tool used to convert the customer needs into technical descriptors for the…

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What is the 5S System Framework in Management?

December 4, 2018 | By Hitesh Bhasin | Filed Under: Strategy

The 5S system can be defined as a systematic form and methodology of visual management utilizing everything from the floor tape to operations manuals during…

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What is The Kraljic Matrix – Portfolio Purchasing Model?

April 17, 2019 | By Hitesh Bhasin | Filed Under: Strategy

The Kraljic Matrix Portfolio Purchasing Model was developed by Peter Kraljic in the year 1983 and the model could be used to analyze the purchasing…

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What is Supplier Relationship Management? Importance and Process

May 13, 2020 | By Hitesh Bhasin | Filed Under: Strategy

The concept of Supplier Relationship Management can be defined as the systematic approach of evaluating the suppliers’ contributions and influence on the success of the…

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The Value Curve Model of Strategy

October 29, 2018 | By Hitesh Bhasin | Filed Under: Strategy

Value Curve Model - 2

The Value Curve Model was introduced by academics W Chan Kim and Renee Mauborgne in the Harvard Business Review article from the year 1997 in…

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7s Model – Mckinsey 7s Framework Explained

May 30, 2019 | By Hitesh Bhasin | Filed Under: Strategy

7s Framework by McKinsey - 3

The 7s Model by McKinsey is the strategic tool that carefully analyzes the company’s organizational design by looking and analyzing the 7 different internal elements…

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What is Corporate Life Cycle?

October 16, 2018 | By Hitesh Bhasin | Filed Under: Strategy

Corporate Life Cycle - 2

Definition of Corporate Life Cycle Corporate Life Cycle can be defined as the movement of the organization as it evolves and develops through the typical…

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What is Disruptive Innovation?

April 17, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Define Disruptive Innovation The term Disruptive Innovation was coined by Clayton Christensen that describes the process of a product or service that takes root and…

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What is Bowman’s Strategy Clock?

April 17, 2019 | By Hitesh Bhasin | Filed Under: Strategy

Bowman’s Strategy Clock - 2

The Bowman’s Strategy Clock was developed by the two famous economists Cliff Bowman and David Faulkner. The main focus of the model is to make…

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What is the Hedgehog Concept?

October 12, 2018 | By Hitesh Bhasin | Filed Under: Strategy

The Hedgehog Concept - 3

The Hedgehog Concept was developed by the famous American Business consultant Jim Collins highlighting on the various factors that how a person or a company…

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What are Dynamic Capabilities and their role in Strategy?

October 5, 2018 | By Hitesh Bhasin | Filed Under: Strategy

Dynamic Capabilities and Strategic Management - 3

Dynamic Capability can be defined as the inherent capability of the organization to optimally and purposefully adapt and catapult the organization’s resource base. This management…

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