Corporate strategy involves answering a key question from a portfolio perspective business should we be strategy involves answering the question: “How shall we compete in this business?”In management theory and practice, a further distinction is often made between strategic management and operational management. Operational management is concerned primarily with improving efficiency and controlling costs within the boundaries set by the organization’s strategy.
Some people believe that the good life is attainable through education, while others believe that following a rule of conduct would leave you leading the
Still others say that being truly happy will allow you to live a good life. There are many questions that arise when trying to answer the question of “What is the good life and how can it be attained.
Owners may administer their businesses themselves, or employ managers to do this for them. Whether they are owners or employees.