Any systemic whole, as well as a complex, systemic process, cannot do without regulation or management. The difference lies in the fact that some systems are regulated by internal, as if built-in mechanisms, and therefore are self-regulating (for example, the human body), while others, not having their own mechanism of self-regulation, or in conditions where […]
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Strategy development
A company’s strategy is the methods of competition and doing business that are chosen by the company to satisfy customers, compete successfully, and achieve the organization’s global goals. The strategy is adjusted by adding some parameters and abandoning others in response to changes in the market, consumer needs and preferences, strategic maneuvers of competing companies, […]
Goal Setting
Setting goals translates the theoretical part – the development of a strategic vision and direction for the development of the company.In the plane of practical application. Goals are defined results and outcomes that need to be achieved within a specified time frame. The experience of numerous companies and managers shows that in the competitive struggle […]
Three typical competitive strategies (according to the theory of M. Porter)
In 1985, in the work “Competitive Strategy”, M. Porter introduced the concept of universal strategies and identified three main types of strategy: cost leadership, differentiation, focus. Table 2 Resource requirements by component Porter Matrix Competitive advantage Low costs Differentiation Area of competition Broad Purpose Cost leadership Differentiation Narrow purpose Focus on costs Focus on differentiation […]