Strategic Management is the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives. For managers, strategy is not an annual planning exercise; it is a continuous, dynamic process of defining competitive positioning and making trade-offs to secure long-term advantage.
Posts tagged as “Balanced Scorecard”
The Balanced Scorecard (BSC) is a powerful strategic planning and management system that aligns business activities to the vision and strategy of the organization, improves internal and external communications, and monitors organizational performance against strategic goals. Implementation requires a structured, multi-step approach to ensure success.
The pursuit of Total Quality Management (TQM) is not merely a collection of quality control techniques; it represents a fundamental shift in an organization’s culture and operational philosophy.
Developing a strategy for a world-class business is a comprehensive endeavor. It's not just about being the best in your country or region; it's about competing on a global stage with the highest standards of excellence.
Intellectual capital (IC) is a critical asset for modern businesses, encompassing the intangible knowledge, skills, and relationships that provide a competitive advantage and contribute to a company's value.
Balanced Scorecard is a performance management tool that looks at financial, customer, internal processes, and learning/growth perspectives.