When should a strategic plan be developed Strategy development follows the creation and affirmation of the organization’s purpose statement, environmental and program data collection and analysis, and identification of critical issues. It…
What is a strategic planning Strategic planning is a step by step process with definite objectives and end products that can be implemented and evaluated. Very simply, it is a…
What is a strategic plan Strategic plan is a document used to communicate with the organization the organizations goals, the actions needed to achieve those goals and all of the…
What is strategic thinking and strategic management Strategic thinking involves making a series of decisions about what actions the company intends to take to become more successful. A company often goes through…
What is the difference between strategic planning and long range planning Strategic planning and long range planning differ in their emphasis on the “assumed” environment. Long-range planning is generally considered to mean the development of a…
What is strategic planning Strategic planning is that corporate strategic planning is a systematic attempt to decide how best to anticipate and respond the challenge of change. Strategic planning…
Strategic Management Strategic Management is a way in which strategists set the objectives and proceed about attaining them. It deals with making and implementing decisions about future…
Differentiation strategy Differentiation strategy calls for the development of a product or service that offers unique attributes that are valued by customers and that customers perceive to…
Cost Leadership Strategy This strategy involves the firm winning market share by appealing to cost-conscious or price-sensitive customers. This is achieved by having the lowest prices in the…
Strategic Management Process Steps The strategic management process means defining the organization’s strategy. It is also defined as the process by which managers make a choice of a set…
What is an Information strategy An information strategy describes the overall direction and general framework in which the organization’s information resources and processes should be managed so that the organization…
Why Strategy is Important? Strategy is determining where you are now, where you want to go, and then how to get there. It’s the art of developing and implementing…