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Quote of the Day

Success is a lousy teacher. It seduces smart people into thinking they can't lose.

Bill Gates

Outsourcing

Concept Briefing:

Outsourcing (or contracting out) is often defined as the delegation of non-core operations or jobs from internal production to an external entity (such as a subcontractor) that specializes in that operation. Outsourcing is a business decision that is often made to focus on core competences. A subset of the term "offshoring" also implies transferring jobs to another country, either by hiring local subcontractors or building a facility in an area where labor is cheap.

Continue reading 28 Jan 2007 00:30:57

Strategy

Johnson and Scholes, in their book: Exploring Corporate Strategy: Text and Cases Reviews, 2006 define strategy as follows:

"Strategy is the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations".

In other words, strategy is about:

30 May 2011 11:06:56

Life Cycle

The concept of Life Cycle in management refers to the notion that industry, products and organization go through stages of birth, growth, maturity, decay and death, similarly to all living organism. At different stages, different management approaches or strategies are required. Some examples are given below:

Product Life Cycle
Enterprise Life Cecle

30 May 2011 10:58:35

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