Who are the Strategists? Explain their role in Corporate Management.
Strategists are individuals or groups who are involved in formulating, implementing and evaluating strategy.” Briefly discuss their role in the context of Corporate Management.
The STRATEGIC PLANNING is THE SEED that
FUNCTIONALLY, provides
-opportunity to determine the environmental impact on the
organization / business.
-opportunity to assess the organization's strengths/ weaknesses.
-opportunity to determine the business opportunities/ threats
to business.
-opportunity to develop strategic plans for the company.
-opportunity to develop long term/short term plans.
-opportunity to develop a vision for the organization.
-opportunity to develop a mission statement for the organization.
-opportunity to develop business objectives for the organization.
-opportunity to develop business strategies for the organization.
-opportunity to develop the action/ implementation planning
guidelines, which provides the platform for
*helps to set up and develop organization and staffing.
*helps to set direction for the organization approach.
*helps to select the right leadership
*helps to select / set the most appropriate control.
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STRATEGIC PLANNING IN BUSINESS IS THE PREMIER FUNCTION,
without this seed,
-you cannot organize your business
-without business organization , you cannot direct
-without direction, you cannot control.
-without control , you cannot get results.
For success/ results in business, you need STRATEGIC PLANNING.
HENCE STRATEGIC PLANNING IS THE PRIMARY seed
OF ANY BUSINESS ORGANIZATION [ SMALL OR LARGE ]
THE STRATEGIES NEEDED.
1. Basic question: How is organizational direction determined? Every organization takes on some direction, in terms of what customers/clients it serves and what functions it performs for these customers. This direction is often called its purpose, Mission or realized strategy. An organization's mission is a set of statements that define the exchange relationship between the organization and its stakeholders or claimants. More specifically a mission defines the population served and the function it fulfills or the need it satisfies for that claimant. This direction, or mission, may be the result of a deliberate planning process or it may emerge as the result of a set of incremental decisions.
THIS ORGANIZATION Realized Strategies are the result of a combinations of Purely Deliberate
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