Two distinct strategic approaches have emerged where competition is a constant current: the red ocean strategy and the blue ocean strategy.
Posts published in “STRATEGIC CHOICE”
Return on Capital Employed (ROCE) serves as a beacon for businesses navigating the complexities of strategic decision-making.
Here is where Decision Trees emerge as powerful tools, offering a structured approach to navigate these complex situations.
The Fishbone Diagram is a powerful tool that empowers businesses to systematically dissect problems and identify their root causes.
Force Field Analysis (FFA), developed by social psychologist Kurt Lewin, offers a powerful tool to navigate the complexities of change.
Here is where Investment Appraisal emerges as a critical tool, equipping businesses with a framework to analyze potential investments.
Benchmarking is a structured process that involves meticulously identifying Key Performance Indicators (KPIs) relevant to strategic objectives.
In strategic choice, sales forecasting sheds light on the potential future of sales performance of a business organization.
Market Research is crucial for effective decision-making, empowering businesses to gather valuable insights about target audience, competitors, and trends.
Strategic choice refers to choosing the option to get where the business wants to be from previously identified opportunities.
Different producers should adopt a different business strategy during economic growth, and a different business strategy during economic recession.