BUISENESS MANAGEMENT
BUSINESS PLANNING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Winning aspiration
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Where to play
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How to win
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Capabilities needed
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Detailed explanation-1: -A winning aspiration is a statement of what success in the marketplace will look like to a company. Companies must always play to win because it is very difficult to win if you are only trying to compete. Companies that simply try to compete are at risk of being driven out by more aggressive competitors.
Detailed explanation-2: -The playing to win framework is a cascade or hierarchy chart and strategy that determines the goals and motivators of an organization. The framework begins with an overall goal and cascades to develop manageable steps and decisions to help an organization win when competing within the market.
Detailed explanation-3: -Company aspirations help everyone in the company guide their activities, behaviors, and decisions. An aspirations-driven company gives people, both inside and surrounding the company, extreme clarity on what to expect and what is expected, which helps you accelerate at a higher velocity toward your goals.