Product innovation can be understood as the development-driven process that empowers a business in making better products or improving existing products for the consumers. These…
Strategic Goals – Definition, Importance and Examples
Strategic goals are defined as planned objectives that an organization tries to achieve. Many senior managers usually take a lot of time to develop and…
Technology Competence – Overview and Its Features
Every organization is equipped with the latest technology in the market. There are technological wars of different companies with each other. For example, Amazon competes…
Doblin’s 10 Types of Innovation Framework Explained
Whenever we need something so badly in the business landscape, innovation is bound to happen. From the slight improvement in the user interface of your…
How to Write a Mission Statement With Real Examples
A mission statement is defined as a roadmap that describes the vision statement of an organization. In other words, it is an action-oriented statement that…
Strategic Marketing – History, Phases, Components and Importance
Strategic Marketing encompasses all the best practices to implement one’s business’s mission and vision, using specific processes to maximize the plan’s outreach. Marketing is the…
Strategic Planning
Strategic planning is a process an organization uses for making its specific business strategies regarding key decisions, priorities, operations, and implementations in a manner that all…
Strategic Control – Types, Process and Contribution
Strategic control is defined as finding different methods to implement the strategic plan. It is unique to handle and intends to handle the unknown and…
Sustainable Marketing – Strategy, Importance and Principles
Sustainable marketing is using and promoting the environment to sustainable and socially responsible products, brand values, and practices. Businesses do not implement sustainable marketing for…
Exit Strategy – Types and Advantages
In business terms, an exit strategy is a plan or strategy of an owner of a business to exit his/her business without incurring too much…
What Is Harvesting Strategy in Business?
A harvesting strategy is basically a plan that is used in the field of business industry which involves either canceling or cutting down the expenditure…
Bargaining Power of Buyers & Suppliers Explained
Bargaining power is defined as the ability of parties to influence each other. It is an essential part of the negotiation, and the party with…
The Top 10 Strategy Framework for Businesses Explained
What is Strategy Framework? A strategy framework is defined as a structural method that is utilized to design how an initiative would assist the primary…
Sustainability: Definition, Pillars, Types and Goals
Definition: Sustainability is the process that focuses on meeting the needs and wants of the present without the compromise of future generations to meet their…
Balanced Scorecard: Definition, Perspectives, Importance & Benefits
Are you looking for a Business Management System that can help you in finding out and optimising the internal functions of your business and associated…
