PORTERS MODEL FOR INDUSTRY ANALYSIS: Perhaps the best known tool for formulating strategy is the model developed by Michael E. Porter, an internationally acclaimed strategic management expert. Essentially, Porter’s model outlines the primary forces that determine competitiveness within an industry and illustrates how those forces are related. The model suggests that in order to develop […]
Month: June 2010
Strategy Formulation: BCG Growth-Share Matrix Model
BCG Growth-Share Matrix: The Boston Consulting Group, a leading consulting firm, developed and popularized a portfoilo analysis tools that helps managers develop organizational strategy based on market share of businesses and the growth of markets in which businesses exist. The 1st step in using this model is identifying the organization’s strategic business units (SBUs). A […]
A LEARNING ORGANIZATION
A LEARNING ORGANIZATION is an organization that does well in creating, acquiring and transferring knowledge, and in modifying behaviour to reflect the new knowledge. Learning organizations emphasize systematic problem solving,experimenting with new ideas, learning form experience and past history, learning from the experience of others, and transferring knowledge rapidly throughout the organization. According to Peter […]
MANAGEMENT INNOVATIONS 