Strategic Business Units: Analysis, Management, and Environment

Posted by admin on Feb 8, 2025 in Labor Relations and Human Resources | 0 comments

Strategic Business Units

Strategic Business Units (SBUs) are sets of activities that are sufficiently self-contained to formulate a separate competitive strategy. They are characterized by heterogeneity and different environments per activity.

Phases of Strategic Management

The phases of strategic management include strategic analysis, formulation, and implementation.

Responsibility: Top management has specific duties, including guiding the process and obtaining resources.

Rationality in Decision-Making

The

Business Strategy: Understanding Strategic Fit, VRIO, and Porter’s Diamond

Posted by admin on Jan 10, 2025 in Labor Relations and Human Resources | 0 comments

What is a Strategy?

Strategy is “the dynamics of the firm’s relation with its environment for which the necessary actions are taken to achieve its goals and/or to increase performance by means of the rational use of resources”.

Reasons for Strategic Failure

• A poor analysis or diagnosis of the problem: Due to the complexity and uncertainty associated with strategic decisions, the limited rationality of the people making the decisions may lead to a wrong diagnosis or to the failure to identify