BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Strategy is a complex concept that involves many different processes and activities within an organization. Unexpected twists and turns in the external as well as the internal environment place limits on the value of strategic planning.

Detailed explanation-2: -Strategy generally involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources to execute the actions. A strategy describes how the ends (goals) will be achieved by the means (resources).

Detailed explanation-3: -Strategic management involves seeking and identifying opportunities and threats in the market and industry as well as the outside world in general. Strategic management is based on the premise that “all businesses are not the same.” Strategic management involves assessing the strengths and weaknesses of your business.