Business Strategy: Mission, Vision, Goals and Core Competencies

BUSINESS
STRATEGY
TASK 1

Content
• Introduction
• Mission, vision, goals and Core competencies.
• Factors that needs to be considered while formulating
strategic planing
• Effectiveness of technique
• References
TASK 1

Introduction
 Business strategy helps to achieve desired output from the
organisations operations.
 It refers to as means by which firms sets to achieve its
desired goals. It is long term business planning.
 Arcadio Motors is a small firm and has started its
business in 2015 and designs innovative outer body of
cars.
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Mission, vision, goals and Core
competencies
In order to develop effective business strategy for the
company, it is important to first define vision, mission,
core competencies, goals and objectives of the company.
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Cont...
Mission for any firm helps it to provide destination citing
which strategic planning has to be made.
Mission : To become one of the leading company in
innovate design market in UK and supply parts to almost
every big auto mobile firm by implementing best
practices of operation in the sector.
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Cont...
Vision for any firm provides the pathway that can be
followed while formulating strategic planning for
coming years of business.
 Vision: To become one of the best modifier in the UK
by 2020.
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