What is Porter’s Five Forces & How to Use This Model

Porter's Five Forces

Porter’s Five Forces model is a strategic analysis tool created by Michael Porter in 1979. It was first introduced in the Harvard Business Review. This model helps businesses understand the competitive forces in their industry.  Analyzing these forces can help companies make better decisions and develop stronger strategies. The five forces are the threat of …

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What is Classical Theory: Definition, Characteristics, Advantages & Disadvantages

Classical Theory

The classical theory is also known as the traditional theory. It considers the organization a machine and its employees part of the machine. Here, the focus is on centralized authority and skill specialization. Employees are grouped according to their skills and motivated through incentives to drive efficiency. In American management studies, classical theory emerges as …

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The Five Cs of Effective Written Communication

The Five Cs of Effective Written Communication

Effective written communication is key to sharing ideas clearly and making a strong impact. The Five Cs of communication (Clarity, Conciseness, Coherence, Consistency, and Correctness) are essential for creating powerful written messages.  They help ensure that your writing is easy to understand, precise, and engaging. Each “C” represents a crucial element that guides how you …

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A Guide to Effective Written Communication

Written Communication

Effective written communication is essential in business and modern communication. Clear written communication is vital whether you are interacting with colleagues, superiors, or juniors within your organization or engaging clients, contractors, and suppliers outside your company.  It helps you share ideas, convey messages, and ensure smooth operations. Poor communication can lead to misunderstandings and delays, …

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