4 Key Example(s) of Core Competencies for Competitive Advantage

Example of Core Competencies

The Concept Example of Core Competencies STATES these are activities, processes and abilities that give the entity a capability of Meeting the Critical Success Factors (CSF’s) for products or services and achieving competitive advantage. What are Competences? (Types) 1. Threshold Competences These are the activities, processes and abilities that provide … Read More

PESTEL Analysis Example(s) – 6 Factors of Environmental Influence

PESTEL Analysis Example(s)

The Concept PESTEL Analysis Example(s) STATES it is a ‘structured approach‘ to analyzing the External Environment of an entity. The influences (current influences and possible future influences) of the environment on the entity are grouped into categories. PESTEL Analysis There are SIX categories of environmental influence: PESTEL Analysis Example(s) – … Read More

Stakeholder Expectations Examples in Strategic Management

Stakeholder Expectations Examples

The Concept Stakeholder Expectations Examples STATES that each stakeholder or stakeholder group has different expectations from a company. They expect to benefit from their association with the company and the benefits they expect are different. Stakeholders According to ‘Traditional View of Corporate Governance‘ these are: Stakeholder Expectations Examples – Explained … Read More

Intended Strategy Examples – What Does it Mean? (Definition)

Intended Strategy Examples

Intended Strategy Examples DEPICTS ‘Intended Strategy‘ is a strategy that is planned in advance through a formal planning process. Intended Strategy – Definition ‘Intended Strategy‘ is a strategy that is planned in advance through a formal planning process. The choice of strategy is a conscious decision by Senior Management. Intended … Read More

What is the Purpose of a Mission Statement? – 6 Key Elements

What is the Purpose of a Mission Statement

What is the Purpose of a Mission Statement a Concept that STATES ‘Mission‘ is the purpose of an organisation and the reason for its existence. What is the Purpose of a Mission Statement? (6 Key Purposes) A ‘Mission Statement‘ can have SEVERAL different purposes: JhanzaybChartered Accountant (Institute of Chartered Accountants of … Read More

Vision and Mission Statement With Examples

Vision and Mission Statement

Vision and Mission Statement a Concept that STATES ‘Vision’ Represents a desired optimal future state of what the organisation wants to achieve over time; AND ‘Mission’ is the purpose of an organisation and the reason for its existence. Vision and Mission Statement of the Organization – (Including Examples) 1. Vision … Read More

Strategy Implementation in Strategic Management

Strategy Implementation in Strategic Management

Strategy Implementation in Strategic Management MEANS Implementing the chosen strategies i.e the 3rd Element of ‘Strategic Management’ by Johnson, Scholes and Whittington. Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three Elements: Strategy Implementation in Strategic Management – Three Aspects It MEANS Implementing the … Read More

Strategic Choice in Strategic Management

Strategic Choice in Strategic Management

Strategic Choice in Strategic Management STATES Identifying different possible strategies that the entity Might adopt and Making a choice of the preferred strategies i.e 2nd Element of ‘Strategic Management’ by Johnson, Scholes and Whittington. Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three Elements: Strategic Choice … Read More

What is Strategic Position by Johnson, Scholes and Whittington

What is Strategic Position

What is Strategic Position STATES an Analysis or Assessment of the Strategic Position of the entity i.e the first Element of ‘Strategic Management’ by Johnson, Scholes and Whittington. Elements of Strategic Management Johnson, Scholes and Whittington STATE that Strategic Management consists of three Elements: What is Strategic Position? An ANALYSIS … Read More

Three Levels of Planning in Management by R N Anthony

Levels of Planning in Management

The three Levels of Planning in Management by R N Anthony are Strategic, Tactical and Operational. Levels of Planning in Management Planning is a HIERARCHICAL activity, linking strategic planning at the top with detailed operational planning at the bottom. Strategic plans Set a framework and guidelines within which More detailed … Read More