During the 1970s, a more turbulent and unpredictable business environment started emerging. Before this, the external environment of businesses used to be stable, which ensured stable industry structures. As today’s business enviro… Read More
Collaboration is a key feature of a growing ecosystem today. Collaborative Partners of an ecosystem are mostly business enterprises that collaborate with the company to create customer value. There are two aspects of collaboration: (1… Read More
The 21st-century business environment has become even more turbulent and uncertain, and therefore unpredictable. Every firm deals with uncertainty in its lifecycle. Uncertainty impedes management’s ability to make strategi… Read More
Diversification remains a critical issue for diversified and multi-business companies today. The most important trends of diversified companies in the past two decades have been on transformational change activities including “ref… Read More
The challenges and uncertainties of the 21st century have continued to change the basic concepts and practice of strategic management. The rapidly changing environment has created environmental uncertainty, which is a threat to strat… Read More
The rapidly changing business environment of businesses has given rise to a new name for the firm’s task environment, the “ecosystem” in some industries, particularly the technology-based. The ecosystem is an expanded name of an organi… Read More
The primary purpose of strategic management is to maximize the firm’s performance in the long-run. In financial terms, this means maximizing the enterprise value of the firm by maximizing the net present value of the stream of profits (ca… Read More
The negative forces of coronavirus (COVID-19) temporarily disrupted normal business activities and paralyzed the forces of market-the demand and supply that made the market economies freeze. The lockdown stagnated the revenues and p… Read More
A company’s successful innovation outcome doesn’t necessarily result in successful commercialization. When the product progresses from idea generation to the development process into the marketplace is called innovation but can be … Read More
Innovation, competition, and acquisitions are closely interlinked. Innovation is the only way that has the potential to create an enormous amount of shareholder value. Once the firm profitably grows internally through innovation, it … Read More