Critical Success Factors Examples: Critical success factor (CSF) is a management term for an element that is necessary for an organization or project to achieve its mission. To achieve the goals they need to be aware of each key success factor (KSF) and the variations between the keys and the different roles key result area (KRA). [ Source- Wikipedia ] Critical Success … [Read more...] about Critical Success Factors Examples
Strategic Management
Benchmarking Definition and Understanding the Purpose
Benchmarking: Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. It was begun in the late 1970s by Xerox Corporation. That time, Xerox was losing market share and feeling a lot of pressure from its competitors. In an attempt to try and “get back into the game”, Xerox decided to … [Read more...] about Benchmarking Definition and Understanding the Purpose
Strategies For Entering and Competing Into Foreign Market
Strategies for entering into Foreign Market. Strategies for entering and competing into foreign markets are presenting in a chronological manner: Strategies for entering into Foreign Market: Export strategy Using domestic plants for the production base for exporting goods into foreign markets is an excellent initial strategy. Licensing … [Read more...] about Strategies For Entering and Competing Into Foreign Market
Porter Five Forces Model
Porter Five Forces Model. Porter Five Forces are very important from the viewpoint of strategy formulation. The potentiality of these forces varies from industry to industry. These forces jointly determine the profitability of the industry because they form the prices which can be obtained, the costs which can be borne, and the investment required to compete in the industry. … [Read more...] about Porter Five Forces Model