5 concepts
What is Strategy?
A strategy is a plan of action designed to achieve a specific goal or series of goals within an organizational framework.
The Importance of Strategy
Strategic management is critical to organizational development as it aligns the mission and vision with operations.
Making Strategy Effective
Effective strategies must be suitable, feasible, and acceptable to stakeholders.
Differences Between Strategic Planning at Small Versus Large Firms
The effectiveness of a strategy is heavily dependent upon the size of the organization.
The Impact of External and Internal Factors on Strategy
Analysis of both internal factors and external conditions is central to creating effective strategy.