An entrepreneur’s vision
Entrepreneurs do not have anything but a vision. We entrepreneurs live with a purpose. We have our vision, and our purpose is to achieve it anyhow. A time comes when our vision becomes so prominent that we do not…
A winning mindset is the key
A winning mindset is very crucial for an entrepreneur. Diving into the entrepreneurial journey is easy. But to sustain and break through, one requires a winning mindset. In my experience, it is one of the key differentiating factors. Yes,…
Cofounder means better
A cofounder is someone who completes a circle. If I am starting a business, surely I cannot know everything to make that business a successful venture. Every individual has their own nature. Some like to create, some like to…
Full forms of programming languages
We often hear and read about so many names of programming languages used in the computer world. But only a few of us know what their names actually represent. Like, what does PHP mean or AJAX, and so on?…
The strategic importance of the industry life cycle model
Let us look at the industry life cycle model from a strategic perspective and consider its implications for the choices made by companies in each of the stages. First, we must understand that the life cycle duration may vary…
What is algorithm?
The world of computing and technology is full of buzzwords. Like, AI, supercomputers, machine learning, cloud computing, quantum computing and many more. But the word algorithm, in particular, is used throughout. An algorithm is a set of instructions for…
Industry life cycle model
There are four stages of the industry life cycle model, IntroductionGrowthMaturityDecline Most industries have a life cycle. They go through the following four stages in their development. Introduction Phase The introduction phase is characterized by the initial offering of…
Mission statement, vision statement and values
Strategy is not just about competing for today. It is also about competing for tomorrow. When we talk about the future, strategy becomes a dynamic concept that allows top managers to define goals and objectives for the future and…
Business strategy vs corporate strategy
There is a subtle difference between corporate strategy and business strategy. Corporate strategy deals with questions related to markets and industries in which the company competes. It answers the question - Where do we want to compete? Business Strategy…
The meaning of business strategy
In simple terms, strategy means, - a plan of action designed to achieve a long-term or overall goal. The word strategy had been used heavily in the military before and later adapted in business. As we know, both armies…
