BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategic direction encompasses what 4 aspects?
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Strategic intent.
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Tactical goals.
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Mission Statement.
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Core values.
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Vision.
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Explanation:
Detailed explanation-1: -The 4 pillars for strategy are: Vision, Analysis, Target & Plan. A strategy needs to built on the foundation of an overarching vision that it is meant to achieve. In this sense it is important to acquire guidance on the vision from supervisory authorities of the strategy.
Detailed explanation-2: -Strategic planning process steps Determine your strategic position. Prioritize your objectives. Develop a strategic plan. Execute and manage your plan.
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