Make your own business strategy
Strategy planning :-It is implementation and evaluation function decision that will enable an organization to achieve its long term objectives. It is the process which used to specify the mission, vision and objectives developing the policies and plan to achieve them.
It is managerial activity. Strategy management provide overall direction of enterprise and is closely related to field of organization studies.
There are important to discuss the strategic consistency.”There is strategy consistency when the action of an organization are consistent with the expectation of management , and these in turn are with the market and the context”.
It is a process that evaluate and control the business in which the company involved. Annually and quarterly to determine how it has been implemented and whether it has succeeded or needs replacement by new strategy to meet changed circumstance, new technology, new competitors, economic and political environment.
The key of strategy management
- Situation Analysis
- Strategy Formulation
- Strategy Implementation
- Strategy Evaluation
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