A company’s strategy is a game plan management has for positioning the organization in its chosen market arena, competing successfully, pleasing customers, and achieving good business performance. It has five components:
- Forming a strategic vision of what the company’s future business makeup will be and where the organization is headed;
- Setting objectives;
- Crafting a strategy for achieving the desired outcomes;
- Implementing and executing the chosen strategy efficiently and effectively;
- Evaluating performance and initiating corrective adjustments in vision, long-term direction, objectives, strategy, or implementation in the light of actual experience, changing conditions, new ideas, and new opportunities.
My Consultancy–Asif J. Mir – Management Consultant–transforms organizations, makes them relevant, and suggests solutions for succes. For details please contact Asif J. Mir
