Define strategic Group
Define the term strategic Group?
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Strategic group is defined as the set of business units or the firms which pursue the similar strategies with the similar resources. Classifying the firms within an industry into a set of strategic groups is extremely useful for proper understanding of the competitive environment. Since the structure and culture of the corporation’s reflect the types of strategies the organization follows. Companies or Business units belonging to the certain strategic group within the same industry tend to be tough rivals and tend be more similar to one another rather than to the competitors in other strategic group within the same industry.
Explain the term backward integration?
There are two questions, both of them are response of some discussion of the strategic operation management, the topic is mainly about globe integration.
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Explain the term corporate governance.
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Explain the term Horizontal Expansion?
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