Assignment Unit - 1 Strategic Management and Business Policy Submitted To Alfishaman Submitted by Bhavna Pathak
Assignment Unit - 1 Strategic Management and Business Policy Submitted To Alfishaman Submitted by Bhavna Pathak
Assignment Unit - 1 Strategic Management and Business Policy Submitted To Alfishaman Submitted by Bhavna Pathak
Unit -1
Strategic management
and business policy
Submitted to
Alfishaman
Submitted by
Bhavna pathak
Q1).explain what is
vision mission and
objectives .with
examples
Vision: A vision statement focuses on
tomorrow and what an organization wants to
ultimately become.
Mission: A mission statement focuses on
today and what an organization does to
achieve it. Both are vital in directing goals.
Objectives: Objectives are the ends that state
specifically how the goals shall be achieved
therefore they are quantitative in
nature. Objectives refer to the end results which
are to be accomplished by an organization
through their plan or strategy over a specific
period of time.
Q2).what is” business definition” in strategic
managment
The definition of business strategy is a long term
plan of action designed to achieve a particular
goal or set of goals or objectives. ... It states
how business should be conducted to achieve
the desired goals. Without a strategy
management has no roadmap to guide them.
Q3).what is goal? define it with example?
a).dimension of strategy
b) hireachy of strategy
Business level
Funvtional level
Coprate level
C).Mintersberg 5’p of strategy