BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mission
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Vision
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Goal
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Objectives
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Detailed explanation-1: -Answers 1) Mission Mission is the most apt answer. A company’s mission statement is the general expression of overall purpose.
Detailed explanation-2: -An organisation’s general expression of its overall purpose is known as its: Mission.
Detailed explanation-3: -A strategic management process helps an organization and its leadership to think about and plan for its future existence, fulfilling a chief responsibility of a board of directors. Strategic management sets a direction for the organization and its employees.
Detailed explanation-4: -Definition: A Strategic Mission defines the unique purpose of an organization’s scope of operations. It is a high-level long-term plan that an organization aims to achieve. A mission statement explains why the organization exists, its purpose, and what it serves.
Detailed explanation-5: -The purpose of strategic planning is to set overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.