I am sharing absolute entrepreneurship studies, tips, tricks and some entrepreneurial essence with you.

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…