BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A strategic vision describes the route a company intends to take in developing and strengthening its business. It lays out the company’s strategic course in preparing for the future.

Detailed explanation-2: -The strategy statement of a firm sets the firm’s long-term strategic direction and broad policy directions. It gives the firm a clear sense of direction and a blueprint for the firm’s activities for the upcoming years.

Detailed explanation-3: -A strategic vision delineates management’s aspirations for the company’s future, providing a panoramic view of “where we are going” and a convincing rationale for why this makes good business sense.

Detailed explanation-4: -A long-term strategy is a comprehensive plan for a business that defines goals for the future. During this process, you’re setting and completing goals to achieve an overarching goal for the company. To create a long-term strategy, you may set multiple smaller goals that help you meet your ultimate objective.

Detailed explanation-5: -Strategic intent is a concept that draws from both vision and mission. It includes a desired future state, a goal defined in competitive terms that is more a part of vision than of purpose. It also encompasses a definition of strategy that is fundamentally the same as the use of strategy within mission.