Question1. Strategy is organization long term objectives which the organization aims to achieve in future. These strategies help organization to give direction to organization operations. There is entry level strategy for achieving goals at operational level. Then there are project management level strategy, there are directorial stage strategy. Strategic planning help employees in knowing what their goals are and help them achieve their objectives and standard by the organization.
Organizational planning: it helps in identification; monitoring and formulating strategies for the orgnaisation.it helps in achieve organizational mission, vision and goals.
Development the process of growing or progress going on in the organization.
Question1.2.
Skilled employees: for strategic management process it is very …show more content…
Corporate level strategies are strategies which are made by top level of management these strategies are important for whole organization. These decisions can be related to important financial matters, mergers, any acquisition by the company.
Business level strategies: these are made by middle level of management of how to compete with competitors. These strategies are adopted by organizations with different business units. Each business units are produce or have differentiated product or service.
Functional level strategy: these are low level strategy these are made for functional like for finance department there are different strategy than from marketing it is division of strategy on the basis of functionality. (http://www.slideshare.net/ndk4wat/the-strategic-management-process-002)
1.4
Vision statement:
It helps organizations to know where their businesses are going.
Vision statement is future oriented it is bold and help you to energize your employee and help management to know what actually they have to achieve in
Organizational planning: it helps in identification; monitoring and formulating strategies for the orgnaisation.it helps in achieve organizational mission, vision and goals.
Development the process of growing or progress going on in the organization.
Question1.2.
Skilled employees: for strategic management process it is very …show more content…
Corporate level strategies are strategies which are made by top level of management these strategies are important for whole organization. These decisions can be related to important financial matters, mergers, any acquisition by the company.
Business level strategies: these are made by middle level of management of how to compete with competitors. These strategies are adopted by organizations with different business units. Each business units are produce or have differentiated product or service.
Functional level strategy: these are low level strategy these are made for functional like for finance department there are different strategy than from marketing it is division of strategy on the basis of functionality. (http://www.slideshare.net/ndk4wat/the-strategic-management-process-002)
1.4
Vision statement:
It helps organizations to know where their businesses are going.
Vision statement is future oriented it is bold and help you to energize your employee and help management to know what actually they have to achieve in