Business tools

When planning and implementing activities that improve the global competitive position, managers rely on a number of managerial tools. The annual research carried out by Bain & Company finds that successful organizations use more than 10 different managerial tools on average. This means that there is no single tool that would replace all others; instead, organizations need to rely on a combination of different managerial tools while understanding the benefits and shortcomings of each individual tool.

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