MANAGEMENT

Detailed explanation-1: -Strategies are a series of ways of using the mission to achieve the vision. Goals are statements of what needs to be accomplished to implement the strategy. Objectives are specific actions and timelines for achieving the goal.

Detailed explanation-2: -Simply put, a strategic plan is a vision of your organization’s future and the basic steps required to achieve that future.

Detailed explanation-3: -A vision statement, which provides support for a strategic plan, typically outlines an organization’s overall goals and states the purpose of the company’s existence. An effective vision statement is specific and concise and should leave nothing open for interpretation.

Detailed explanation-4: -The purpose of strategic planning is to set overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.