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Business management in India is considered a western concept and most of our business education is based on the Harvard/Oxford model.
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Not right!
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Point 1: If we look at the successful businesses in India, Japan, and China today - they don't follow the western structure.
Point 2: Production, inventory, transport, distribution, have been around in this region for millennia. We must study these time-tested frameworks as case studies.
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The thing is that there is no science of business management even in the West - only some references. We must develop management education incorporating non-western models as well.
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❤️بفضل الله
As The Fourth Course in Business Management Micro Masters Program offered by Indian Institute of Management Bangalore And EdX I’m happy to share that I’ve obtained a new certification:
[ST101x: Strategic Management]
This course have added a lot to my practical experience in Strategic Management. Thanks to Jose PD , Rejie George Pallathita , Sai Yayavaram for seamless teaching of the course material.
I have studied in this course :
** Strategic Managment Process
** Analyzing Internal Environment
** Analyzing External Environment
** Competitive Positioning
** Managing Multi-Business Firm
I hope that the knowledge I've gained from this course will help me boost strategy management in every organization I work in.
#StrategyManagment#edx#IIMBX
The resources of a company, when combined and configured effectively and efficiently, can allow it to outshine its competitors and to promptly exploit the opportunities in the market.
Key resources of a business are grouped into 4:
🏭Physical resources- equipment, property, plants, computers, etc.
💰Financial resources- Cash reserves, marketable securities, stocks, etc.
🧠Human resources- a highly trained workforce.
💾Intellectual resources- patented technologies, copyrights, trademarks, proprietary data, organizational knowledge, etc.
These resources are scarce.
Hence, a company must have a "clear and a properly articulated strategy".
The chosen strategy informs the whole organization about what activities it will "prioritize" and the ones it will "ignore".
This ensures that scarce resources are effectively allocated to achieve crucial business goals.
#business#keyresources#strategy
_____________
Are you looking to develop (or brush-up) your business acumen?
Our 4hr self-paced MBA course is your best bet.
It's here: www.schoolofmba.com
The resources of a business are it owns which allow it to deliver its value proposition to its customers.
These resources are grouped into 4 categories: physical, human, intellectual, and financial.
Since resources are scarce, companies need a strategy on how the resources will be effectively allocated and configure to realize crucial business goals.
#business#operations#resources#management#leadership
The resources of a company, when combined and configured effectively and efficiently, can allow it to outshine its competitors and to promptly exploit the opportunities in the market.
Key resources of a business are grouped into 4:
🏭Physical resources- equipment, property, plants, computers, etc.
💰Financial resources- Cash reserves, marketable securities, stocks, etc.
🧠Human resources- a highly trained workforce.
💾Intellectual resources- patented technologies, copyrights, trademarks, proprietary data, organizational knowledge, etc.
These resources are scarce.
Hence, a company must have a "clear and a properly articulated strategy".
The chosen strategy informs the whole organization about what activities it will "prioritize" and the ones it will "ignore".
This ensures that scarce resources are effectively allocated to achieve crucial business goals.
#business#keyresources#strategy
_____________
Are you looking to develop (or brush-up) your business acumen?
Our 4hr self-paced MBA course is your best bet.
It's here: www.schoolofmba.com
The key activities of an organization are the most important actions of its operations that allow the business to deliver its value proposition.
When we identify them, we are able to optimize them effectively and efficiently to promote operational excellence.
With this, we keep our customers delighted in a cost-effective manner.
The resources of a company, when combined and configured effectively and efficiently, can allow it to outshine its competitors and to promptly exploit the opportunities in the market.
Key resources of a business are grouped into 4:
🏭Physical resources- equipment, property, plants, computers, etc.
💰Financial resources- Cash reserves, marketable securities, stocks, etc.
🧠Human resources- a highly trained workforce.
💾Intellectual resources- patented technologies, copyrights, trademarks, proprietary data, organizational knowledge, etc.
These resources are scarce.
Hence, a company must have a "clear and a properly articulated strategy".
The chosen strategy informs the whole organization about what activities it will "prioritize" and the ones it will "ignore".
This ensures that scarce resources are effectively allocated to achieve crucial business goals.
#business#keyresources#strategy
_____________
Are you looking to develop (or brush-up) your business acumen?
Our 4hr self-paced MBA course is your best bet.
It's here: www.schoolofmba.com
Module Opened - today is the start of my 6th of 7 years … studying towards my Business Managment Degree with The Open University
Studying B302 - Strategic Managment this academic year; my first level 3 (third year equilvant) module!
📚🙇🏽♀️🎓👩🎓
📣 I'm happy to share that I have earned a new certificate: Foundations of Strategy by IE University!
As a Business Administration student, it is very important to have a strong strategic foundation as it equips me with a roadmap to achieve long-term objectives and acquire a competitive advantage. This course provides thorough insights on the fundamentals of economics and how it gives us a better understanding of customer behavior, market dynamics, and resource allocation in a strategic context. I also learnt, through real-life examples, about how economics facilitates the identification of market possibilities and risks, allowing for well-informed decision-making and effective strategy design in a competitive environment. This integration of economic research and strategic planning guarantees that initiatives are based on realistic, workable economic realities in addition to being creative and distinctive.
This is a short yet a rich and an insightful course that I highly recommend ❗