BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategy Formulation
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Strategy Implementation
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Strategic Intents
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Strategy Control
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Detailed explanation-1: -Strategic intent can be understood as the philosophical base of strategic management. It implies the purposes, which an organization endeavours to achieving. It is a statement that provides a perspective of the means, which will lead the organization, reach its vision in the long run.
Detailed explanation-2: -Strategic intent is the term used to describe the aspirational plans, overarching purpose or intended direction of travel needed to reach an organisational vision. Beneficial change results from the strategic intent, ambitions and needs of an organisation.
Detailed explanation-3: -Strategic Intent refers to the purposes an organization strives to achieve. Strategic Intent can be understood as the philosophical base of the strategic management process.
Detailed explanation-4: -The Purpose of an organization is the fundamental reason why the organization exists. It is the most central component of Core Culture. It is not the answer to the question: “What do you do?” This typically focuses on products, services and customers.
Detailed explanation-5: -There are three major attributes of Strategic Intent, namely Sense of Direction, Sense of Discovery and Sense of Destiny.