Techniques of SWOT analysis

SWOT Analysis

SWOT Analysis A scan of the internal and external environment is an important part of the strategic planning process. Environmental factors internal to the firm usually can be classified as strengths (S) or weaknesses (W), and those external to the firm can be classified as opportunities (O) or threats (T). Such an analysis of the

Hierarchy and Types of Plans in India

Hierarchy of Plans

Hierarchy and types of Plans There are number of plans available to direct the development in an urban or rural areas. The levels at which they operate is different & similarly the nature and details provided in each type is different. Hierarchy and Types of Plans are explained below Master plan : A coordinated act of

Delineation Of Functional Regions

Delineation Of Functional Regions This method involves the grouping together of units which display a considerable degree of interdependence. Two basic approaches: (i) Flow analysis- based on actual observations of what people do.   (ii) Gravitational analysis- based on theoretical observations of what they might do. The two approaches are explained below in detail. A. Flow

Monopolistic Competition

Monopolistic Competition is a form of imperfect competition in which one selling/buying firm dominates the market. This firm regulates the prices in the market as no other firm is large enough to make significant changes to price. Characteristics: Large number of firms in the industry May have some element of control over price due to

Perfect Competition

Perfect competition in economics refers to condition in market in an ideal situation. In this situation price for all goods and services are decided by market on basis of competition and no external intervention takes place. Characteristics of perfect competition  are given below: Perfect Competition It is one extreme of the market structure spectrum Characteristics: