Essay on The Principles Of Strategic Management

Essay on The Principles Of Strategic Management

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From this report it’s reflected that potential business strategies and also internal strength and external weakness. It is supposed that the resources and technology available that time are not equivalent to current situation. Apart from the study we got the business strategies with vision and mission besides strategic opportunities. The principles of strategic management and the Michael Porter’s Generic Strategies are trying associated to this case study. This report willdemonstrate how the principle of strategic management applies to any organization and help organisation to achieve their long-term objectives.
1. Vision and Mission:
According to (Hubbard, 16th April 2010) a vision statement that identifies the long-term strategic goals and objectives of the organisation. It should be short and concise. It’s affect the organisation to develop its long term objectives and strategic planning. The vision statement is depends on the type of the organisation.
According to (Evans, April 24, 2010) A Vision Statement defines - the best desired future statement what an organization wants to achieve over time and also provides guidance and inspiration as to what an organization is focused on achieving specific period of time.
Vision: To be a trusted company with the best services and creating a new world of satisfied customer.
According to (Hom, 2013) A vision statement is a declaration of a company 's goals for the midterm or long-term future. Ranging from one line to several paragraphs, a vision statement identifies what the company would like to achieve or accomplish.
A good quality vision statement provides the encouragement for the on a daily basis operations of a organisation and its strategic decisions.
Mission: To build strong re...


... middle of paper ...


...er and benefited to win the customer trust. As best service organisation believes in decrease call times and increase customer satisfaction and loyalty and quality based product.
Innovation
Innovation is a goal that helps a business to change its strategy with change in environment and stay ahead of the competition. Introduction of resources into research and development for generate a new unique product as well as into offering a better service to customers or service into the new marketplace.
Action Planning
A plan of action helps the organisation to move forward without defining specific goal of action. It’s also help to take steps toward achieving that goals and identified business objectives. Action planning involves identifying the top objectives for an organisation, then developing future goals which are specific, measurable, achievable, realistic and timely.

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Essay on The Principles Of Strategic Management

- From this report it’s reflected that potential business strategies and also internal strength and external weakness. It is supposed that the resources and technology available that time are not equivalent to current situation. Apart from the study we got the business strategies with vision and mission besides strategic opportunities. The principles of strategic management and the Michael Porter’s Generic Strategies are trying associated to this case study. This report willdemonstrate how the principle of strategic management applies to any organization and help organisation to achieve their long-term objectives....   [tags: Strategic management, Strategic planning]

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