Technology management is the process of planning, organizing, and controlling the use of technology within an organization to achieve its strategic goals. It involves aligning technology investments with business objectives and ensuring that technology effectively supports business operations. Key Characteristics / Core Concepts Strategic Alignment: Aligning technology with business strategy. Resource Management: Efficient allocation of … Read more
Strategic planning is the process of defining a company’s long-term goals and developing a plan to achieve them. It involves analyzing the current situation, identifying opportunities and threats, and setting objectives and strategies to capitalize on opportunities and mitigate threats. Key Characteristics / Core Concepts Long-term focus: Strategic plans typically cover a period of several … Read more
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
Business administration is the process of managing and organizing a business’s resources to achieve its goals. It involves planning, organizing, leading, and controlling the business’s operations. Key Characteristics / Core Concepts Planning: Setting goals and developing strategies to achieve them. Organizing: Structuring the business and assigning responsibilities. Leading: Motivating and directing employees to work towards … 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