If you survived your first night, chances are your hemorrhage is under control. 1  Continue to drink. A lot. 2  Inspect thoroughly. Remove articles of clothing to do so. 3  Thoroughly clean the wound (this is the most important step). Clean water is best, but anything should be fine.  Donât attempt to suture close any open wounds.
For each strategic option, ask yourself how you could use that strategy to: 1  Reduce or manage supplier power. 2  Reduce or manage buyer/customer power. 3  Come out on top of the competitive rivalry. 4  Reduce or eliminate the threat of substitution. 5  Reduce or eliminate the threat of new entry.
Below, we take a look at the three types of plans in management and how they are used within an organizational framework: I. Strategic Plan A strategic plan is a high-level overview of the entire business, its vision, objectives, and value. This plan is the foundational basis of the organization and will dictate decisions in the long-term.