Corporate Strategy: Concept, Components, Importance
Corporate Strategy takes a portfolio approach to strategic decision making by looking across all of a firm’s businesses to determine how to create the most value. In order to develop […]
Corporate Strategy: Concept, Components, Importance
Corporate Strategy takes a portfolio approach to strategic decision making by looking across all of a firm’s businesses to determine how to create the most value. In order to develop […]
Strategy Formulation: Concept, Process & Affecting Factors
Strategy formulation is the process of offering proper direction to a firm. It seeks to set the long-term goals that help a firm exploit its strengths fully and encash the […]
Strategy Evaluation: Process, Criteria
Strategic management is all about identification and description of the strategies that managers can carry so as to achieve better performance and a competitive advantage for their organisation. An organisation […]
Concept of Synergy & Types
Synergy is the concept that the whole of an entity is worth more than the sum of the parts. This logic is typically a driving force behind mergers and acquisitions […]
Evaluation of Synergy
When a company acquires another business, it is often justified by the argument that the investment will create synergies. The primary source of synergy in an acquisition is in the […]
Impact of MIS
The impact of MIS on the functions is in its management. With a good MIS support, the management of marketing, finance, production and personnel becomes more efficient, the tracking and monitoring […]
MIS & Computers
Translating the real concept of the MIS into reality is technically, an infeasible proposition unless computers are used. The MIS relies its ability to store, process, retrieve and communicate with […]
MIS & the User
1. Data Base Administrator: Centralized control of the Data base is exerted by a person or group of persons under the supervision of a high level administrator. This person or […]
MIS: A Tool for Management Process
The process of management requires a lot of data and information for execution of the plan. This requirement arises on account of the fact in each step of management, a […]
MIS & Decision Making Concepts
Process and Modeling in Decision Making There are two basic models in decision making: Rational models Normative model The rational models are based on cognitive judgments and help in selecting […]
Decision Making: Tools and Procedures
The following are the five important elements of decision-making: (1) Concept of good decision. (2) Environment of decision. (3) Psychological elements in decision. (4) Timing of decision. (5) Communication of […]
Decision Making: Methods
(1) Marginal Analysis: This technique is also known as ‘marginal costing’. In this technique the additional revenues from additional costs are compared. The profits are considered maximum at the point […]
Decision Making concepts
Decision-making is common to all of us, in our daily lives. In fact, every action of an individual is based on the decisions taken by him/her-concerning various matters. Sometimes we […]
MIS: Business Planning
MIS goals and objectives: It is necessary to develop the goals and objectives for the MIS which will support the business goals. The MIS goals and objectives will consider management […]
Organizational Decision making
1. Personal and Organizational Decisions: Personal decisions are those, which a person takes in his individual capacity but not as a member of his organisation. This affects his personal life. […]
