Tag Archives | strategic management

Stakeholder Theory

Stakeholder Theory is a management concept related to organizational management and business ethics that addresses morals and values in managing an organization. It was originally detailed by R. Edward Freeman in the book Strategic Management: A Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends [...]

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Ten Schools of Thought

The Ten Schools of Thought model from Henry Mintzberg is a business framework that can be used to categorize the field of Strategic Management. The Design School. This school sees strategy formation as a process of conception. Approach: Clear and unique strategies are formulated in a deliberate process. In this process, the internal situation of [...]

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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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