Advantages and disadvantages of strategic planning This detailed article explores the key advantages and disadvantages of strategic planning. When done correctly, strategic planning can help…
What is BCG matrix? BCG matrix is an important strategic planning tool. It was developed by Bruce D. Henderson for the Boston Consulting Group (BCG)…
Last updated: November 2016 What is strategic planning? Strategic planning is an important topic in strategic management. Organisations engage in strategic planning in order to…
Difference between strategic risk and operational risk This article aims to identify the difference between strategic risk and operational risk. Risk management is a very…
Last updated June 2016 Organisations need to carry out a situation analysis before making any strategic decisions. PESTEL is one the tools which many strategic…
Strategies are usually divided into three broad categories, namely corporate strategy, business strategy, and operational strategy. Corporate strategic decisions are taken by the highest level…