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Business Strategy: Importance, Elements, and Techniques

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Added on  2023-03-24

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This presentation provides an overview of business strategy, including its importance, elements, and techniques. It covers topics such as missions, vision, objectives, goals, and core competencies. It also discusses the factors to consider when developing a strategic plan and the effectiveness of techniques like the BCG matrix and Porter's five force analysis. The presentation concludes with the impact of business strategy on a company's overall success.

Business Strategy: Importance, Elements, and Techniques

   Added on 2023-03-24

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Business Strategy
(Task 1)
Business Strategy: Importance, Elements, and Techniques_1
Table of content
Introduction
Business missions, vision, objectives, goals, core
competencies
Factors that have to be considered when developing strategic
plan
Effectiveness of techniques used when developing strategic
business plans
Conclusion
References
Business Strategy: Importance, Elements, and Techniques_2
INTRODUCTION
Business strategy is more important concept as it helps
organization in accomplishing its all goals and objectives
in most effective and systematic way. With the help of
this company easily sustain in competitive market for long
time period.
Business Strategy: Importance, Elements, and Techniques_3
Business missions, vision, objectives, goals,
core competencies
Every company set their guidelines and target before starting
their business so that they easily work on it in order to
achieve the success. It is important activity for the
company because it define the better path as well as way to
completing all the task in appropriate manner. For this
business strategy is also an effective process in which
company set their mission, vision, goals and objectives.
Business Strategy: Importance, Elements, and Techniques_4
Mission
Mission: The main mission of Azimo is to achieve higher
satisfaction by providing quality services and also
increase their profitability level in appropriate manner.
Business Strategy: Importance, Elements, and Techniques_5
Vision
To become one of the biggest money transferring company
in UK is the vision of Azimo. For this company use
innovative and advanced technologies in their
organizational activities which aid in improving the
employees performance and they easily service their
services in front of large number audience.
Business Strategy: Importance, Elements, and Techniques_6

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