Category: Business Management

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    Business Management is an area that needs strong and deep knowledge of theory and practical application to manage companies efficiently. There are several subjects in BM like Business Law, Accounting, Marketing, Finance, Operations, HR, Project Management, and many others. Each of these topics requires proficiency to understand its concepts and apply it to practical situations. However, BM exams are usually rigorous and very competitive. I am an MBA graduate and work as an Accountant in a multinational company. I have expertise in man

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    Porter’s Five Forces In this article I shall give a brief summary of Porter’s Five Forces concept. It involves the analysis of the relative strategic positions of competitors, suppliers, and customers in the market. The Five Forces concept is widely used in business management to understand market strategy, marketing mix, and to develop a business strategy. The five forces, or the five strategic forces, are as follows: 1. Competitive Advantage: This force determines how efficiently competitors operate. In simple terms, it

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