Friday, 30 March 2012

COMPARING BUSINESS & MILITARY


COMPARING BUSINESS AND MILITARY STRATEGY


A Strong Military Heritage Underlies the Study of Strategic Management
1. Terms such as objectives, mission, strengths, and weaknesses were first formulated to address problems on the battlefield.
2. A fundamental difference between military and business strategy is that business strategy is formulated, implemented, and evaluated with the assumption of competition, while military strategy is based on an assumption of conflict.
3. The similarities between military and business strategy can be seen in Sun Tzu’s The Art of War.( To know the detail ..Read on )