Strategic Management

Strategic Management

What is Strategic Management? Strategic management involves the formulation and implementation of the major goals and initiatives taken by a company’s top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes. Strategic management provides overall direction to the enterprise and …

Strategy

Strategy

What is Strategy? A method or plan has chosen to bring about the desired future, such as achievement of a goal or solution to a problem. The art and science of planning and marshaling resources for their most efficient and effective use. The term is derived from the Greek word for generalship or leading an …

Advantage and Disadvantages of Mission Statement

Advantage and Disadvantages of Mission Statement

Advantage and Disadvantages of Mission Statement What is Definition of Mission Statement? A sentence describing a company’s function, markets and competitive advantages; a short written statement of your business goals and philosophies. A mission statement defines what an organization is, why it exists, its reason for being. At a minimum, your mission statement should define …

Mission Statement

Mission Statement

What is Mission Statement? A mission statement is a short statement of an organization’s purpose, identifying the scope of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation. It may include a short statement of such fundamental matters as the organization’s values or …