Chandler made a comprehensive analysis of interrelationships among environment, strategy, and organizational structure. He analyzed the history of organizational change in 70 manufacturingfirms in the…

Andrews belongs to the group of professors at Harvard Business School who were responsible for developing the subject of business policy and its dissemination through…

Professor Ansoff is a well-known authority in the field of strategic management and has been a prolific writer for the last three decades. In one…

Another well-known author in the area of strategic management was Glueck, who was a Distinguished Professor of Management at the University of Georgia till his…

Mintzberg of McGill University is a noted management thinker and prolific writer on strategy. He advocates the idea that strategies are not always the outcome…

Michael Porter of the Harvard Business School has made invaluable contributions to the development of the concept of strategy. His ideas on competitive advantage, the…

Strategic position is based on customers’ needs, customers’ accessibility, or the variety of a company’s products and services. A company’s unique position relates to choosing…

You should note that strategy is: A plan or course of action or a set of decision rules forming a pattern or creating a common…

First, strategy should include a clear set of long term goals. Second components are that it should define the scope of the firm i.e. the…

It has been defined by Lloyd L. Byars as- Strategic management is concerned with making decisions about an organizations’ future direction and implementing those decisions….