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Strat

strategy definitons

QuestionAnswer
Strategy A declaration of intent.
Strategic Intent A tangible corporate goal; a point of view about the competitive positions a company hopes to build over a decade.
Strategic planning The systematic determination of goals and the plans to achieve them.
Strategy Formulation The entire process of conceptualizing the mission of an organization, identifying strategy and developing long-range performance goals
Strategy Implementation Those activities that employees and managers of an organization undertake to enact the strategic plan, to achieve the performance goals
Objectives the ends, the goals
Plans The product of strategy, the means to an end
Strategic Plan A written statement that outlines the future goals of an organization, including long-term performance goals
Policies Broad guidelines to action, which establish the parameters or rules
Created by: john.culbert
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