Strategic management is the ongoing process companies use to define their vision, set goals and objectives, and choose how to allocate resources to achieve those goals. It involves analyzing the internal and external environments to make informed decisions about the future direction of the organization. Key Characteristics / Core Concepts Long-term perspective: Strategic management focuses … Read more
Management consulting is the practice of helping businesses improve their performance and solve problems. Consultants work with clients to analyze their operations, identify areas for improvement, and implement solutions. Key Characteristics / Core Concepts Problem-solving: Consultants identify and analyze problems, develop solutions, and implement them. Data-driven analysis: Consultants use data to inform their recommendations and … Read more
A business strategy is a long-term plan that outlines how a company will achieve its goals and objectives. It provides a roadmap for navigating the competitive landscape and securing a sustainable competitive advantage. Key Characteristics / Core Concepts Long-term vision: Defines the desired future state of the business. Competitive advantage: Identifies how the company will … Read more