BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A strategy map is a diagram that shows your organization’s strategy on a single page. It’s great for quickly communicating big-picture objectives to everyone in the company. With a well-designed strategy map, every employee can know your overall strategy and where they fit in.

Detailed explanation-2: -Strategy maps describe how organisations create value by building on strategic themes such as ‘growth’ or ‘productivity’. They provide a way for companies to ‘tell the story’ of their strategy to employees and other corporate stakeholders, thereby increasing engagement in the strategic process.

Detailed explanation-3: -A strategy landscape is an efficient tool for providing an overview of the organization’s relevant strategies and showing how they are interrelated. In connection with this, it is important to be aware that strategies can be called different things, such as a plan, an agenda, or the name of a specific ambition.

Detailed explanation-4: -Strategy formulation is the process of using available knowledge to document the intended direction of a business and the actionable steps to reach its goals. This process is used for resource allocation, prioritization, organization-wide alignment, and validation of business goals.