Business Strategy

Business Strategy
TASK 1

Covered Content
• Introduction
• Business vision, mission, goals, objectives and core
competencies
• Factors that have to be considered while formulating
strategic plan
• Effectiveness of techniques
• References

Introduction
Business strategy can be termed as a plan which is developed
by company so that they can attain their long term targets
effectively as well as efficiently. It caters growth and
improvement to the firm. This is like a planning function and
in addition, a continual procedure.

Business vision, mission, goals, objectives and
core competencies
It is required for manager to develop an effective plan for
their business; therefore, they can easily attain their mission,
vision, goals and so forth appropriately.