News & Advice

The "7 M's of Marketing" is a modern marketing framework that expands upon the traditional 4Ps (Product, Price, Place, Promotion) model. This framework incorporates additional elements to provide a more comprehensive understanding…

There are various business strategies that organizations may adopt, depending on their goals, market conditions, and competitive landscape. Here are five common business strategies... 1. Cost Leadership - This strategy focuses on…

A stability strategy, also known as a status quo strategy, is a type of business strategy where an organization aims to maintain its current business operations and market position without significant changes…

A comprehensive business strategy should address key questions that provide clarity, direction, and focus for the organization's activities. These questions help leaders define the organization's purpose, goals, priorities, and approach to achieving…

Functional planning and strategic planning are two distinct types of planning processes used by organizations to achieve their goals and objectives. While both types of planning are necessary for organizational success, they…

Organizational strategy refers to a comprehensive plan of action designed to achieve the long-term goals and objectives of an organization. It involves defining the organization's purpose, vision, and values, as well as…

Strategy development involves distinct phases or stages, with varying steps and terminology depending on the methodology used. The following are five common phases of the strategy process... Strategic Analysis In this initial…

Business strategy and functional strategy are two different levels of strategy in an organization, each with unique purposes and scopes. Here's a breakdown of the key differences between functional strategy and business…

Cost leadership is a business strategy where a company aims to become the lowest-cost producer in its industry or market segment. The primary objective of cost leadership is to achieve a competitive…

Strategic decision-making is the process of choosing the best course of action to achieve long-term goals in a dynamic business environment. Strategic decisions typically have a significant impact on the direction, performance,…