Understanding the Process of Strategic Planning

Business Strategy
(Understanding the process of strategic planning)
TASK 1

Table of Content
 Introduction
 Mission, vision, goals, objectives and core competencies
 Factors considered when formulating strategic plan
 Techniques in term of strategic plan evaluation
 References

Introduction
Business strategy are described as the action plans which are
used by firms so that they can become successful in achieving
there goals and business objectives. It is the art which are
involved in various operations like planning, analysing,
directing, controlling and monitoring all the activities which
are processing at business places.

Business Mission, Vision, Objectives, Goals
and Core Competencies
Business strategy are very important tool as it helps firms to
achieve growth by evaluating goals and objective in effective
and planned ways. It also plays a vital role in developing
healthy ad positive work environment so that there targets can
be achieved in desired time frame.