It is very important for business to look around
and see what is going on the industry. This is very important for survival in
the competitive marketplace. This broader perspective helps organizations to
introduce or enhance products and services more effectively and efficiently.
Vision, Mission, Strategy, Goals, and Objectives -
All these are important for business.
Why are some businesses not able to compete with
other companies in the Information technology industry? These companies that
are unable to compete are not able to cope up with the industry trends and
practices.
In an article on HP layoffs hp-layoffs-a-sign-of-bad-management, the
author asks what can CEO do when company is not performing well? The answer is
CEO has to understand industry trends and practices and perform SWOT
(Strengths, Weaknesses, Opportunities, Threats) analysis to find out why the
company's strategy is not working.
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