BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Strategy (noun) a plan of action designed to achieve a long-term or overall aim.

Detailed explanation-2: -An action plan is a way to make sure your organization’s vision is made concrete. It describes the way your group will use its strategies to meet its objectives. An action plan consists of a number of action steps or changes to be brought about in your community.

Detailed explanation-3: -What is Strategic Action Planning (SAP)? Strategic planning is the process of setting goals, deciding on actions to achieve those goals and mobilizing the resources needed to take those actions. A strategic plan describes how those goals will be achieved and which resources will be used to achieve them.

Detailed explanation-4: -On the other hand, a strategic plan outlines a company’s future goals and an action plan to go from the current state to the desired future state. The purpose is to build team alignment and decision-making capacity to be ready for the future and take advantage of opportunities to grow or become better at what you do.

Detailed explanation-5: -The term strategic planning is essentially synonymous with strategic management.