Strategic options refer to different plans a business can follow to achieve their objectives, involving decisions on the direction and scope of an organization over the long term.
A customer intimacy strategy emphasizes tailoring products, services, and the overall customer experience to fit customers’ individual needs and preferences.
A joint venture is a strategic partnership where two or more businesses join to develop a new entity while retaining their legal statuses for a specific business purpose or activity.
A strategic partnership is a mutually beneficial arrangement between companies with aligned interests to give each company a strategic advantage they might not otherwise have.
Strategy evaluation is the process of assessing the effectiveness and efficiency of a strategic plan, serving as a critical feedback mechanism to determine whether the strategy has achieved its intended objectives.
Internal growth strategies are methods to achieve growth from within, and External growth strategies involve expanding a company’s operations by collaborating or acquiring.
Strategic group analysis is a technique used in strategic management and marketing that helps a business understand the landscape of its industry.
Value innovation strategy is the simultaneous pursuit of differentiation and low cost, resulting in a leap in value for both the company and its customers.
In business, communication goals and objectives are the overarching outcomes a company aims to achieve through communication efforts for its SMART criteria.
A Strategic Information System (SIS) allows an organization gain a competitive advantage by effectively aggregating, processing, and managing data to inform decision-making.
