Strategy consultants help companies make decisions about future business activities, such as acquiring a competitor or launching a new product line. They work closely with management to assess the current market and ask questions to determine the best approach. Effective strategy consultants possess communication, evaluation, and creative skills, as well as relevant education and work […]
Environmental analysis is crucial in strategic management as it identifies opportunities and threats in the external environment, including political, environmental, technological, and sociological events. It is conducted as part of a SWOT analysis and should be done quarterly or annually depending on the industry. The analysis helps companies gain a competitive advantage and reduce the […]
Strategy and tactics are often confused, but strategy is the thinking aspect of planning while tactics are the actions that follow. Logistics is also important in military operations. Playing Risk® illustrates the differences between strategy and tactics, with a plan being crucial for success. The word strategy comes from the Greek word strategos which translates […]
Capital growth strategy involves long-term planning to increase the value of an asset, primarily through stocks. It can be high-risk but potentially high-reward, and portfolios may also include fixed income securities and low-risk items. Risk mitigation is important, and it is best suited to experienced money managers. Capital growth strategy is a long-term plan to […]
