Indifference Curve explaining the concept of consumer’s equilibrium

Indifference Curve explaining the concept of consumer’s equilibrium Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 How Indifference Curve is used in explaining the concept of consumer’s equilibrium? Let us discuss them: Equilibrium of the consumer:In order to explain the consumer’s...

Introduction of Indifference Curve Approach

Introduction of Indifference Curve Approach Reviewed by Hammad Naziron Apr 01 2013 Rating: 4 Indifference Curve:  Introduction of Indifference Curve:The indifference curves approach was first introduced by Pareto and Later on it was developed by hicks and Allen. These economists are of the...

Complexity of the Global Environment:

Complexity of the Global Environment: Global strategic planning is more complex than such purely domestic planning. There are at least five factors that contribute to this increase in complexity: Global face multiple political, economic, legal, social and cultural environments as well as various rates...

At the Start Of Globalization

At the Start Of Globalization: External and Internal assessments may be conducted before a firm enters global markets. External assessment involves careful examination of critical features of the global environment. Internal assessment involves identification of the basic strengths of a firm's operations. Internal...

Limitations Of Law Of Equi Marginal Utility

Limitations Of Law Of Equi Marginal Utility Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Limitations of the Law of Equi marginal Utility Limitations: The Law of Equi - marginal utility is a mere statement of tendency. The actual expenditures of the consumer may not conform to this Law of Equi...

Globalization Of The Company Mission:

Globalization of the company Mission:Few strategic decisions bring about a more radical departure from the existing direction and operations of a firm than the decision to expand globally. Globalization subjects a firm to a radically different set of environmentally determined opportunities, constraints...

Components Of The Company Mission.

What are the Components of the company Mission.There are commonly six most popular Components of the company Mission.Let us discuss them one by one:1) Basic product or Services, Primary Market:What is our basic product or service, mission should give a hint about product or services. Mission should...

Firms Competitive Strategies In Foreign Markets.

Competitive strategies for firms in foreign Markets.Competitive Strategies for firms that are attempting to move toward globalization can be categorized by degree of complexity of each foreign market being considered and by the diversity in a company product line.Niche Market Exporting:The primary niche...

Long Term Objectives Formulation

Long Term Objectives Formulation Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Formulating Long Term Objective.Introduction Of Long term Objective.Long term objectives means end results which a company wants to achieve over a long period of time.Formulation of a long term objectives:Formulating...

Practical Importance Of The Law Of Diminishing Marginal Utility:

Practical Importance Of The Law Of Diminishing Marginal Utility: Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Practical importance of the law Of Diminishing Marginal Utility:Importance of the law Of Diminishing Marginal Utility The law of diminishing marginal utility has great practical importance...

Assumptions and Limitations of the Law of Diminishing Marginal Utility:

Assumptions and Limitations of the Law of Diminishing Marginal Utility: Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Assumptions and Limitations of the Law of Diminishing Marginal Utility:Here we briefly study the Assumptions and Limitations of the Law of Diminishing Marginal Utility.Let us...

Presentataion Of The Law of diminishing marginal utility

Presentataion Of The Law of diminishing marginal utility Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Law of Diminishing Marginal Utility:Explanation of the Law of diminishing marginal utility with the help of Schedule and Diagram.Introduction of the Law of diminishing marginal...

What are the Qualities Of Long Term Objectives

Qualities Of Long Term Objectives Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Qualities of a Long Term Objectives:Qualities of Long Term Objectives:Seven criteria that should be used in preparing long term objectives are:1) Acceptable:Acceptability is one of the most important quality of...

Types of Generic Strategy

Types of Generic Strategy Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Types of Generic StrategyThere are three types of Generic Strategy1) Striving for overall low cost leadership in the industry2) Differentiation --> change in your strategy in every year is flexible.3) Focus in low cost...

What is Generic Strategy?

Generic Strategy Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Generic Strategy:Introduction of Generic strategy: Generic Strategy means core strategy. many planning experts believe that the general philosophy of doing business declared by the firm in the mission statement must be translated...

Definition Of The balance score card

Definition Of The balance score card:Introduction to The balance score card:The balance scorecard is a set of measures that are directly linked to the company's strategy. The balance scorecard allows managers to evaluate the company from four perspectives: financial performance, customer knowledge,...

Grand Strategies / Growth strategies

Grand Strategies / Growth strategies Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Grand Strategies/ growth strategies:Introduction of Grand Strategies/ growth strategies:While the need for firms to develop generic strategies remains an unresolved debate, designers of planing system agree about...

Types of Grand Strategies

Types of Grand Strategies Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Types of Grand Strategies.There are major 13 important grand strategies/ Generic strategies which are as under. Concentrated Growth: This is the most important grand strategy. All resources used for growth of a single product...

Three newly Popularized grand Strategies

Three newly Popularized grand Strategies Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 There are three newly Popularized Grand Strategies. These three newly popularized grand strategies are: Joint venture Strategic Alliances Consortia Joint venture: joint venture is newly popularized grand...

Limitation of Grand Strategies

Limitation of Grand Strategies Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 Limitation of Grand Strategies: Following are some limitations of Grand Strategies: The main problem the grand strategies is that it can not be implement in total. one has to use contribution of different strategies. in...

Building sustainable competitive Advantages.

Building sustainable competitive Advantages.Competitive advantages means pulps point or strength of a company. Every company wants to build its strength for long term period. Competitive advantages could be gain through low cost, product differentiation, speed (work) and market focus.Evaluating and...

Selected industry Environment and business Strategy choices.

Selected industry Environment and business Strategy choices. First of all we have to select an industry then we study the environment of that industry by findings.1) Opportunities.2) Threats Which business strategy will be used depends on environment in which we are going to operate. We have to match...

Strategy Implementation

A) Strategy ImplementationImplementation strategy through short term objective, functional tactics, reward system and empower people in the organization.Explanation: When manager successfully make their objectives and strategy and implement, they do four main things:Identify short term objectives.Initiate...

Short term objectives

B) Short term objectives.Short term objectives means objectives set for a period of less than a one year.Short term objectives provide a specific guidelines for what is to be done. What actions required.Qualities of effective short term Objectives:Measurable (Countable)Periorties (grading, ranking)Link...

Function tactics that implement business strategies.

Function tactics that implement business strategies. Reviewed by Hammad Naziron Apr 01 2013 Rating: 5 C) Function tactics that implement business strategies. Tactics: Tactics are that translate through (grand strategies) into action to achieve short term objectives (small goals + long/ grand strategies). Functional...