Business Strategy

Business Strategy

Content
The report will contain
Introduction
–1.1 Assessing the way Business Vision, mission and goals and
objectives inform strategic planning
–1.2 Analysing the factors that are required to be considered
when developing strategic plan
–1.3 Evaluating the effectiveness of techniques used when
developing strategic business plans
Conclusion

INTRODUCTION
Business strategy play major role in the growth of the firm. It
helps the entity in proper planning and directing the firm in right
direction that help them in achieving its goals and objectives. It
helps the firm in making right decision regarding the allocation
of the resources so that maximum use of it can be done.

1.1 Assessing the way Business Vision, mission and
goals and objectives inform strategic planning
Strategic Planning is refers to the procedure of deciding and
defining the strategies or tactics that are required to be executed
in order to achieve goals, objective and developing core
competencies. This procedure is largely impacted by the vision,
mission, and core competency of the firm. All these elements
have great impact on the business policies, procedures, business
plan etc. The policies, system and procedures are designed by
manager on the basis of the organisation goals and objectives