BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the starting point of strategic intent?
A
Objectives
B
Goal
C
Mission
D
Vision
Explanation: 

Detailed explanation-1: -The strategic intent process starts with the initial assessment. Here, the principal members of the management team, and some staff take the major decisions regarding the steps to be taken to meet the needs of the business. This is the starting point for strategic intent.

Detailed explanation-2: -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.

Detailed explanation-3: -Strategic Objectives and Analysis. The first step is to define the vision, mission, and values statements of the organization.

Detailed explanation-4: -A strategic planning cycle starts with the determination of a business’s current strategic position. This is where stakeholders use the existing strategic plan–including the mission statement and long-term strategic goals–to perform assessments of the business and its environment.

Detailed explanation-5: -Strategic Vision Mission Business Definition Business Model Goals and Objectives Are part of Corporate Level Strategies right.

There is 1 question to complete.