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Regardless of size of business, technology helps to ease and automate tasks thereby achieves effectiveness benchmarks. Investing in technology is strategically important for business as not only do they make processes inside business efficient but also adds value to company in the market i.e. by achieving higher than industry goals. This will do the marketing […]
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Corporate strategy involves answering a key question from a portfolio perspective: “What business should we be in?” Business strategy involves answering the question: “How shall we compete in this business?”In management theory and practice, a further distinction is often made between strategic management and operational management. Operational management is concerned primarily with improving efficiency and […]
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Strategic management involves the formulation and implementation of the major goals and initiatives taken by ‘s top management on behalf of owners, based on consideration of and an assessment of the internal and external environments in which the organization competes. Strategic management provides overall direction to the enterprise and involves specifying the organization’s objectives, developing […]
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