When it comes to “bottom line” of a business all what we recall is the profit of an organization and now new concept introduced called “triple bottom line”

At the initial stage of strategic management process company needs to identify its current position and this is called as “situational analysis”. (Refer the Strategic Management Model) There are many tools to perform situational analysis and some of the widely used tools re PEST analysis, Porters 5 forces model, Porters Value chain, Customer profitability anaylysis, leadership analysis, SWOT analysis and so on. In this tutorial we are going to learn about the 4C model of situational analysis introduced by Japanese Scholar Kenichi Ohmae. This model integrates all other model and it is a simple model to understand.

School of thought is the way of thinking about a subject matter and for a certain subject matter there can be more than one school of though. Entrepreneurship is defined as the process of making money, earning profits and increasing the wealth while posing characteristics such as risk taking, management, leadership and innovation. (To read more about What is Entrepreneurship click here) Many scholars have interpreted  Entrepreneurship in many ways resulting in maany schools of thought [...]

Strategic Management is the process by which the organization identifies its desired level of performance and developing/executing an action plan to achieve it. Many scholars have suggested different models in which the strategic management process can be carried out. In this tutorial we present a new model introduced by the author. The model starts with the analyzing the current position of the organization where the internal organization can be analyzed using strengths and weaknesses (S,W) of a [...]

Strategic management is the process of understanding the business environment, developing the desired state of performance and implementing strategies to achieve it. Operations management involves executing the strategy on the day to day basis to achieve the desired performance in the long run. The difference between strategic management and operations management can be described as follows: Strategic management is an organizational wide activity where the operations, sales and finance are concerned from the top level to the bottom level [...]