Tasks or Functions of Strategic Management
Tasks or Functions of Strategic Management Strategic management performs the following five managerial tasks: (1) Developing a strategic vision and business mission: A well-conceived strategic…
Business
Components of a Strategy
Strategy means the skill of managing any affair. It is used to describe a pathway along which the organization moves towards its goals or objectives.…
Various Types or Forms of a Strategy
A strategy is a method or plan chosen to bring about the desired future, such as the achievement of a goal, objective, or solution to…
Features or Characteristics of Strategic Management
Features or Characteristics of Strategic Management There are some characteristics of strategic management. These are as follows: Long-term plan; Strategic plan; Comprehensive plan; Different program;…
Why a Company uses Strategy?
Strategy means the skill of managing any affair. It means the skill of managing any affair. It is a method or plan chosen to bring…
“Strategy making is partly proactive and partly reactive” – Explanation
Strategy means the skill of managing any affair. It is a method or plan chosen to bring about the desired future, such as the achievement…
Functional strategy is dictated by parent’s business strategy – Explanation
A functional strategy is dictated by its parent’s business unit’s strategy – Explanation A functional business strategy is an area of operational management based on…
Market Development strategy arid Product Development strategy Differ
Market Development strategy arid Product Development strategy Differ – Explanation Market development is a business strategy whereby a business attempts to find new groups of…
Differentiate between Business and Functional level strategy
Differentiate between Business level strategy and Functional-level strategy Business level strategy: Business level strategy refers to the managerial game plan for a single business. It…
Relationship among Strategy, Strategic plan and Strategic management
The relationship among Strategy, Strategic Plan, and Strategic management Strategy is a method or plan chosen to bring about the desired future, such as the…
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