Although it has some drawbacks and limitations, it is still impossible to discredit the benefits and practical applications of the Five Forces Model of Michael E. Porter. Take note that this analytical framework is useful for examining the external situation of an organization in consideration of its competitive situation. The results can help an organization […]
Category Archives: Business and Economics
Porter’s Five Forces Analysis: Drawbacks and Limitations
The Five Forces Model is an analytical framework first introduced by Harvard business professor and management consultant Michael E. Porter. It is specifically a tool for analyzing the competitive situation of an organization in consideration of the sector or industry in which it operates. Despite the advantages and corresponding widespread utilization of this model, it […]
SWOT Analysis: Benefits and Applications
The applications of the SWOT analytical framework or SWOT aablysis have been expansive because of its numerous benefits or advantages. Despite its limitations and drawbacks, it has been commonly used to analyze the internal and external situation of an organization, its strategy, products or services, and its processes or activities, among others. The Benefits of […]
SWOT Analysis: Limitations and Drawbacks
The SWOT analytical framework or SWOT matrix has been a popular tool for analyzing the internal and external situation of an organization. However, despite its notable advantages and applications, it has limitations and drawbacks that collectively correspond to insufficiencies in results. The Problems with SWOT Analysis 1. One of the major drawbacks of SWOT analysis is […]
TIPS: How to Achieve Competitive Advantage?
How can a business outcompete its competitors? What are the ways a business can achieve a competitive advantage? What are the sources of competitive advantage? Examples of How Businesses Create or Achieve and Maintain a Competitive Advantage 1. Technology and Innovation: Businesses achieves competitive advantage through technology and innovation because such can improve their operations […]
Strategic Purpose of Mergers and Acquisitions
Mergers and acquisitions collectively constitute a term for a particular strategy aimed at achieving specific business goals and objectives. Understanding the strategic purpose of mergers and acquisitions leads to an understanding of the reasons or motivations why organizations pursue this business strategy. Mergers and Acquisitions as a Business Strategy: Reasons and Motivations 1. Vertical Integration […]
The Benefits of Open Office Spaces
Open office spaces have received criticisms due to their limitations or problems and disadvantages. However, in some circumstances, an open-office workspace can have benefits or advantages to both employees and an organization. The Benefits and Advantages of Open Office Spaces: What is Good About Them? 1. Obviously, one of the advantages of open office spaces is that […]
What Is Wrong About Open Office Spaces?
Open office spaces have benefits or advantages. However, in certain situations and from another perspective, this floor plan configuration has limitations or problems and disadvantages affecting both individual employees and in general, the organization involved. The Criticism and Disadvantages of Open Office Spaces: What is Bad About Them? 1. Distraction is one of the disadvantages […]
8 Facts About the Business Strategy of Apple
Product Development and Production Strategy of Apple Fact 1: The Company Only Designs Its Products From the U.S. An important aspect of the business strategy of Apple revolves around product development and production. To be more specific, the company designs and engineers different products ranging from devices such as the MacBook and the iPhone to […]
Email Marketing Pros and Cons: A Brief Guide
The Pros of Email Marketing: Benefits 1. Inexpensive than Traditional Mail: One of the pros of email marketing is that it is cheaper than conventional marketing communications sent through traditional courier services. Because a lot of people have email accounts, there is an existing target audience. 2. Promotes Conversations with Customers: Using email can help […]
