BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A strategy is a comprehensive game plan for attaining your organization’s goals. It is a combination of competitive movements and actions taken by senior management to achieve goals. Strategies are practical and action-oriented activities that are based on practical experiences rather than academic understanding.

Detailed explanation-2: -A game plan is something that tells a leader or a professional the what, the how, the when and the why of achieving particular goals. A game plan is all about taking control of the business and ensuring that others will not affect the business negatively.

Detailed explanation-3: -Strategic planning and strategic management are those set of decisions and actions that result into the formulation, selection and implementation of organization’s long-term objectives. That is, the setting of strategies for achieving organization’s objectives. A strategy is simply a company’s game plan.

Detailed explanation-4: -Strategic planning is a process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision.