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Action Learning

Action Learning is an educational process whereby people work and learn together by tackling real issues and reflecting on their actions. Learners acquire knowledge through actual actions and practice rather than through traditional instruction. The Action Learning process is typically done in conjunction with others, in small groups called action learning sets. It is proposed [...]

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Balanced Scorecard

The Balanced Scorecard (BSC) framework is a strategic management tool. It is a semi-standardardized, structured report, supported by design methods and automation tools, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions. It was the [...]

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Strategic Alignment

Strategic alignment is the process and the result of linking organizational groups together through organizational objectives and the people and projects accountable to achieve them. Strategy alignment is the realization of achieving business strategy through people and project contribution. This definition expresses a broad view of strategic alignment inclusive of alignment between organizations within a [...]

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Diamond Model

The diamond model is an economical model developed by Michael Porter in his book The Competitive Advantage of Nations, where he published his theory of why particular industries become competitive in particular locations.The model can also be used for major geographic regions.   Afterwards, this model has been expanded by other scholars. The approach looks at [...]

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Ashridge Mission Model

Ashridge Mission Model is a mission statement creation by the Ashridge Strategic Management Research Center.  Ashridge Strategic Management Center’s founding director, Andrew Campbell, has spent much of his professional career studying mission statements. In fact, Campbell’s framework of four important mission statement dimensions has come to be known as the Ashridge Mission Model (cf. Campbell, [...]

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ValueReporting Framework

The ValueReporting Framework, now known as the Corporate Reporting Framework, is a business approach developed by PricewaterhouseCoopers (PWC) for measuring and managing corporate performance and structuring communications about that performance. It identifies information that all industries and companies share in common: market overview, strategy and structure, managing for value, and performance, all underpinned by relevant performance [...]

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PEST Analysis

PEST analysis (Political, Economic, Social and Technological analysis) describes a framework of macro-environmental factors used in the environmental scanning component of strategic management.    Strategy consultants use PEST analysis to scan the external macro-environment in which a firm operates. PEST is an acronym for the following factors: Political factors are basically to what degree the [...]

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Twelve Principles of the Network Economy

In a superb and revolutionary article in Wired, Kevin Kelly described the Twelve Principles of the Network Economy.  (Read New Rules of the New Economy here.) According to Kelly, the emerging new economy represents a tectonic upheaval in our commonwealth, a social shift that rearranges our lives. More than mere hardware or software ever can. [...]

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