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Articles

Porter’s model of competitive forces

Porter’s model deals with competitive forces and rivalry on the market. Market rivalry depends on the influence and interaction among basic market forces (competition, the power of suppliers, the power of buyers, possibility of substitution). Outcome of this interaction determines the gain potential of the particular business field.

Internal communication may delay the implementation of the strategy

Nowadays, the internal communication is regarded as a matter of course. After all, there are regular meetings, managers do communicate with their workers on a daily basis, and an awful lot of e-mails are sent every day. It does not mean, though, the internal communication works all right and noway it means it is correctly set to fulfil the company´s strategy. 

Prevent rumours, do internal communication

The company is going downhill, we may be left without work,“ employees are whispering to one another. Thus, a rumour is being born which spreads easily and fast among the workforce without being well founded. During the financial crisis, it only takes a single month with fewer orders, a couple of delayed payments, and mentally disturbing rumour starts spreading among the workers.

Void of vision and strategy equals bad business

Most entrepreneurs begin their career with an idea that they think they can make enough money on. Such an idea is, initially, of the essence, but does every entrepreneur have a similar idea (or vision) up the sleeve for the coming years? How to find the right vision and build a good strategy described in this article.

References

Management Training

The cooperation and the training were aimed at preparing selected workers for the position of a teamleader or a manager. Providing them with enough training, so that they are able to lead workers and create collaborating teams.

Continental

Creating  a long-term development plan and increasing competitiveness 

Dictionary

Strategy map

Strategy map is a graphical representation of the company's strategy through strategic objectives of the company, their mutual relations (cause and effect relationship). Map is prepare for better understanding the context of the individual strategic objectives and to check whether all sub-strategic objectives aimed at fulfillment required performance for the company in particular financial ...

Balanced scorecard

Balanced Scorecard (hereinafter also BSC) is a strategic managerial system that helps convert the company's strategy to grasp (concrete) plans and benchmarks. It helps you adjust the balance between corporate plans. Creates strategic feedback to the success of the strategy implemented. So it is a practical model for measuring business performance.