This feature is a relief for the dark mode users with android & iOS operating systems.
Wednesday, 18 March 2020
WhatsApp Dark Mode - Latest Update
Whatsapp has introduced the dark mode with their latest update in 2020. There are many advantages for whatsapp dark mode.
This feature is a relief for the dark mode users with android & iOS operating systems.
This feature is a relief for the dark mode users with android & iOS operating systems.
Saturday, 14 October 2017
Levels of Strategic Decisions
The main hierarchical levels of strategy planning are the below 3:
The company gets its direction from the managers at the corporate level. They act as captains guiding the organization and helping it stand up to the challenges of the dynamic business environment. Managers at the business level are responsible for giving shape to the corporate managers’ vision. At the third level, that is, the functional level, are the managers who transform the vision into reality . The contribution made by the managers at all three levels is important.
Corporate-level strategic are aimed at optimum utilization of the company’s competencies in the long term. Decisions made by the managers at corporate level keep in mind the interests of the stakeholders and the society. These strategies ’ mainly concern the choice of operational areas for the company’s business. At this level. strategies are designed with the objectives of the organization in mind. These strategies directly influence the way harmony is maintained in business and the way the business is managed on the whole will be integrated and managed. It also impacts the way resources are managed and shared and also the manner in which financial resources are invested m the various units.
Business-level strategies involve decisions about the competitive advantage of a single business unit. At this level, the managers form functional objectives and individual strategies for the business divisions on the basis of the general statements of corporate strategic planners. The business-level managers determine the basis of the company’s competitive advantage in a particular product or market area. Their goal is to select the most profitable segment and enter it. They also aim to grow in the segment that has the highest potential for growth. In short, this strategy is concerned with the cost-leadership, differentiation and focus strategies to ensure an edge over competition.
Functional-level strategies consist of short-term strategies with fixed annual objectives in research and development; finance and accounting; marketing; and human resource. Functional-level managers are concerned with problems related to the efficiency and effectiveness of production, success of particular products and services in increasing their market share and quality of customer service. The functional objectives are operational and can be quantified. Depending on the requirements and functioning of the business, the functional objectives can be changed or modified. Risk involved in functional strategies is not very high as the cost of failure is small.
- Corporate level
- Business level
- Functional level
The company gets its direction from the managers at the corporate level. They act as captains guiding the organization and helping it stand up to the challenges of the dynamic business environment. Managers at the business level are responsible for giving shape to the corporate managers’ vision. At the third level, that is, the functional level, are the managers who transform the vision into reality . The contribution made by the managers at all three levels is important.
Corporate-level strategic are aimed at optimum utilization of the company’s competencies in the long term. Decisions made by the managers at corporate level keep in mind the interests of the stakeholders and the society. These strategies ’ mainly concern the choice of operational areas for the company’s business. At this level. strategies are designed with the objectives of the organization in mind. These strategies directly influence the way harmony is maintained in business and the way the business is managed on the whole will be integrated and managed. It also impacts the way resources are managed and shared and also the manner in which financial resources are invested m the various units.
Business-level strategies involve decisions about the competitive advantage of a single business unit. At this level, the managers form functional objectives and individual strategies for the business divisions on the basis of the general statements of corporate strategic planners. The business-level managers determine the basis of the company’s competitive advantage in a particular product or market area. Their goal is to select the most profitable segment and enter it. They also aim to grow in the segment that has the highest potential for growth. In short, this strategy is concerned with the cost-leadership, differentiation and focus strategies to ensure an edge over competition.
Functional-level strategies consist of short-term strategies with fixed annual objectives in research and development; finance and accounting; marketing; and human resource. Functional-level managers are concerned with problems related to the efficiency and effectiveness of production, success of particular products and services in increasing their market share and quality of customer service. The functional objectives are operational and can be quantified. Depending on the requirements and functioning of the business, the functional objectives can be changed or modified. Risk involved in functional strategies is not very high as the cost of failure is small.
Monday, 14 December 2015
Kingsport library website - Access to 4,000 leading business & trade publications
Kingsport Public Library has now available new online business resources including
accounting, economics, finance, marketing, management and strategy, as well as business
theory and practice, which are available in their their Tennessee Electronic Library (TEL).
Image source: http://www.timesnews.net/
If you have the existing Library card, these online resources can be accessed from home at
the library's website: www.kingsportlibrary.org under databases.
Library's reference staff contact number: 423-224-2539.
accounting, economics, finance, marketing, management and strategy, as well as business
theory and practice, which are available in their their Tennessee Electronic Library (TEL).
Image source: http://www.timesnews.net/
If you have the existing Library card, these online resources can be accessed from home at
the library's website: www.kingsportlibrary.org under databases.
Library's reference staff contact number: 423-224-2539.
University Business School Online Application Invited: 2015 - 2016
The following University Business Schools invited applications for MBA admission for the year 2015 - 2016
Last Date of Online Application: 04 January 2016
Last Date for Receipt of Hard Copy of Application: 18 January 2016
Name of the Courses:
Who are eligible to apply:
Educational Qualification: Candidates possessing Bachelors’ Degree in any discipline with not less than 50% marks.
Get more details regarding online application from here: http://ubs.puchd.ac.in/show-admissions.php?id=296
- University Business School
- Panjab University &
- Chandigarh
Last Date of Online Application: 04 January 2016
Last Date for Receipt of Hard Copy of Application: 18 January 2016
Name of the Courses:
- MBA
- MBA (IB)
- MBA (HR)
Who are eligible to apply:
Educational Qualification: Candidates possessing Bachelors’ Degree in any discipline with not less than 50% marks.
Get more details regarding online application from here: http://ubs.puchd.ac.in/show-admissions.php?id=296
Thursday, 26 November 2015
PEST Analysis - Online MBA Classes
PEST analysis includes:
- Political Factors
- Economic Factors
- Social Factors
- Technological Factors
Image Credits: hotelmule.com
It describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. In some cases two more additional factors are included ie. Environmental & Legal factors. Then it becomes PESTLE Analysis.
What is the impact of each factors?
Political Factors
The changing political rules or policies will have a big impact on the profitability and sustainability of the business. For example, a strict health and safety policy would require a restaurant chain to invest more in systems to ensure hygiene.Here are some other points to ponder:
- What is the currently ruling parties ideology?
– What is the government’s approach to trade and labour laws?
- What is the government’s approach towards development?
– What is the level of political stability?
- Change in foreign trade policies.
– What is the level of corruption?
– Is the government socialist-leaning, or does it favour a completely free market economy?
– Will the government’s policies influence laws, regulation, or taxes?
Economic factors
The major economic factors include the rate of inflation, rate of economic growth, economic stability, and employment policy. These factors helps to determine the changes required in the business strategies and policies.For example, the rate of inflation would be a major factor in fixing employee wages, and the higher the inflation, the higher the wages and the higher the business expenditure.
Social factors
Social Factors
Social factors include the social, religious, and culture mores of the society where a business is operating and serving its customers.For example, manufacturers of premium products will not expect a high growth in sales in rural areas.
Technological Factors
A study of the technological factors in an external environment would focus on the leverage the use of technology would give a business.Among questions to ponder are these:
- Is there IT resources available
– What level of automation is available?
– What is the scope for research and innovation?
– Is there facility for online business?
For example, a garment retailer will be able to reduce costs by adopting online sales and reducing dependence on brick-and-mortar showrooms.
The PEST factors may affect companies differently. For example, a home appliance company would be more affected by social factors such as lifestyle than a defence equipment manufacturer.
Expanding the analysis to PESTLE or PESTEL adds:
Legal Factors
It include discrimination law, consumer law, antitrust law, employment law, and health and safety law. These factors can affect how a company operates, its costs, and the demand for its products.Environmental Factors
It include ecological and environmental aspects such as weather, climate, and climate change, which may especially affect industries such as tourism, farming, and insurance. Furthermore, growing awareness of the potential impacts of climate change is affecting how companies operate and the products they offer, both creating new markets and diminishing or destroying existing ones.
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