Business Strategy

BUSINESS STRATEGY

INTRODUCTION
 Strategic planning is an organisational management
activity which is used to set priorities, resources,
strengthen operations, ensure all stakeholders are
working together to attain a common goal. It is efforts
from the higher authorities to provide a right direction
to a business organisation.

TASK 1

1.1 Business missions, visions, objectives,
goals and core competencies inform
strategic planning
 It is essential for a business organisation that to plan their goals and objectives in
advance and make its strategies accordingly.
 Each company having their own mission, vision, objectives and core competencies so
that they make its strategic plan effectively. There are mission, vision, goals &
objectives and core competencies of Volkswagen.