Introduction Brief overview of the book Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant” is a paradigm-shifting business strategy book written by two professors at INSEAD, W. Chan Kim and Renée Mauborgne. Published in 2005, the book champions the concept of ‘Blue Oceans,’ a term the authors use to …
[Solved] Corporate Transformation at Merck KGAA Case Study Solution is the case study from HBR. The case narrates the transformation of a family-owned business into a multinational organization. The case narrates the entire journey of the transformation, governance, and leadership changes in the organization and eventually delivers for the stakeholders. Corporate Transformation at Merck KGAA: …
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What is Stakeholder Analysis? Stakeholder analysis can be defined as a pursuit of managing a stakeholders in a business. A Stakeholder is a specific person or a resource that can positively or adversely affect your business decisions. Stakeholders can often range from a reporting manager to a shareholder within a company or people in a …
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DICE is an acronym for duration, integrity, cost, and engagement. It was created by Perry Keene, Kathleen Conlon, and Alan Jackson. It is designed to help teams work together on complex problems. It is a collaborative model that uses a set of rules to guide work. Typically, each team member contributes one or more criteria. …
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Definition of Competitive Environment Competitive Environment analysis is one of the most important aspects of a strategic management course. Understanding what we mean when we talk about the competitive environment is crucial to comprehending the effects rivalry and competition have on firms. A system where numerous firms compete with one another utilizing diverse marketing channels, …
If you’re like most businesses, you have probably heard the phrase “cost differentiation strategy” tossed around a few times. But what is it, and why should you care? In this blog post, we’ll explore the concept of cost differentiation as a part of a differentiation focus strategy. Michael Porter proposed 5 generic strategies. Cost differentiation …
Cost Differentiation Strategy- 7 things you need to Know [Guide] Read More »
How is confirmation bias best defined? Confirmation bias is a cognitive prejudice that causes people to seek out, favor, understand, and retain data that supports their preexisting ideas. This bias can lead to people making poor decisions. For instance, if a person is given a lot of information on a specific topic, confirmation bias may …
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What is the Ansoff Matrix? Ansoff matrix also known as corporate Ansoff matrix and product/market expansion grid is an essential business strategy tool used in business schools globally. The model focuses on providing a structure for business owners and marketers to strategize growth and risks of growth for their businesses. The Ansoff Matrix can be …
Ansoff Matrix: Use, Examples, Case Study, and Template – Comprehensive Overview Read More »