BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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business
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organizational
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operational
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corporate
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Detailed explanation-1: -A directional strategy keeps companies focused in the most strategic way possible while continuing to grow both revenue and products and services offered to customers. They do this by making sure individual departments work together toward corporate goals, rather than pursuing their own goals.
Detailed explanation-2: -An organization’s mission and vision are the most fundamental forms of directional strategy. A mission statement defines your business purpose and sets the overall tone for your strategic direction.
Detailed explanation-3: -The CEO and executive team play a big role in setting the foundation of a strategic plan by creating guiding organizational principles, articulating the strategic areas of focus, and creating the long-term goals that guide the organization to create aligned goals and actions to achieve its vision of success.