Sunday, May 12, 2019

Strategic Planning in Business

Talking about value and mission statement, do play a great deal with knowing the company.

The different Strategic plan for which way is the right way. Knowing that all the different strategic methods that we must make a company even stronger. I see Paola that you did cover all your bases. Understand that each company is different.  Developing Mission, Vision & Core Values, find out the finally results. Setting  Objectives is a transform the organizations. Crafting Strategy goes with managerial roles. Executing Strategy -staff, support  maybe even the strength  and weakness.
Resources with using strategic planning to show you are making the CEO in the loop too. Using the SWOT analysis, to make sure you have weakness and strength under check. SWOT can hurt a company or make it.
But as it expands further internationally, it will have to confront head-on two conflicting pressures: the demand for responsiveness to local needs versus the prospect of efficiency gains from offering a standardized product globally.( 2018,Thompson)  International has a big broad aspect of exploring the world and find the right city to start a business in.


Reference:
Thompson, A., Peteraf, M., Gamble, J., and Strickland, A. J. (2018). Crafting & executing strategy: The quest for competitive advantage, concepts and cases (21st ed.). New York, NY: McGraw Hill

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