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Showing posts from October, 2017

Internal Analysis

MANAGEMENT There are five basic functions of management which are:   planning, organizing, motivating, staffing,  and controlling. MARKETING  there are also  there also have seven basic functions of marketing as follows as,  customer analysis, selling products/services, product and service planning, pricing, distribution, marketing research, opportunity analysis. marketing refers to the exchange product/services from producer to the user. Marketing Mix is a unique blend of product, price, promotion, and place. FINANCE Analysis of financial information is made to identify the strength and weaknesses from the financial perspective. Adequate cash is the important and basic foundation to run any business. OPERATION Operation  includes the process of transforming input/resources into products.

The Internal Environment Analysis

Introduction to internal analysis Internal Analysis is the analysis of information that obtained from within the company. The purpose we want to know this internal analysis is to understand how their job into the organization. for your information, the internal analysis identifies the strength and weaknesses of the company. Generally, the analysis is made in the following major functional areas: Management Marketing Finance Operation/Production

The External Environment

Industry Environment Today I would like to tell about Industry Environment. The industry environment or we also have known as microenvironment. it is referred factors that directly affect the firm and its competitive responses. the factors that include: the threats of new entrants the bargaining power of buyers the bargaining power of suppliers threats of substitutes products rivalry among the existing firm we will use Michael Porter's Five Forces Model to analyze the firm's industry environment.

The External Environment Analysis

External Environment Factors  do you know what is general environment???  the General environment is also known as macroenvironment which is all the environment that have an impact on all organization within the economy.  the purpose of an external environment to know about the organization's opportunities and threats A simple acronym to remember the general environment factor is PEST P- political factors E- economic factors S-socio-cultural factors T- technology factors

SWOT

SWOT  ANALYSIS FOR MYSELF STRENGTHS open-minded self-motivated good problem solving skills WEAKNESSES impatient procrastination anxiety OPPORTUNITY i have time to improve and learn skills development THREATS losing focus people with a stronger skills than i have very strong competition

Introduction to strategic management

what is strategic management??? today I would like to explain about introduction and process of strategic management.   strategic managemen t is drafting, implementing and evaluating decision in an organization with enables the organization to identify the direction to achieve its long-term objective. The strategic management process: DEFINE THE MISSION AND VISSION ANALYZE EXTERNAL AND INTERNAL ENVIRONMENT IDENTIFY THE GOAL FORMULATE THE STRATEGY IMPLEMENT STRATEGY EVALUATE AND CORRECT