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MBA NOTES:KEY TERMS OF STRATEGIC MANAGEMENT

KEY TERMS OF STRATEGIC MANAGEMENT

VISION STATEMENT
WHAT YOU WANT TO BECOME IN FUTURE

MISSION STATEMENT
WHAT IS YOUR BUSINESS

OBJECTIVE
THE ACTION LIST YOU HAVE TO DO TO COMPLETE THE MISSION

STRATEGIST
THE PERSON WHO MAKE THE STRATEGIES.

COMPETITIVE ADVANTAGES
ANYTHING IN WHICH YOU ARE BETTER THAN COMPETITORS.

INTERNAL STRENGTH OR WEAKNESS
ANYTHING INSIDE ORGANIZATION YOU CAN HAVE OR YOU CAN DO IT IS YOUR STRENGTH OR ANYTHING YOU CAN NOT DO IT OR YOU DON'T HAVE IS YOU WEAKNESS.

EXTERNAL OPPORTUNITIES OR THREAD
ANYTHING OUTSIDE THE ORGANIZATION YOU CAN GET IT YOU INCREASE YOUR BUSINESS IS OPPORTUNITIES AND THAT THING WILL TRY TO STOP THAT OPPORTUNITIES ARE THREADS.

STRATEGIES
HOW TO ACHIEVE THE OBJECTIVES ARE STRATEGIES IT IS CALLED ACTON PLAN.

POLICIES
SET THE RULES OR REGULATION TO CONTROL THE OPERATION ACTIVITIES.
WHAT IS VISION STATEMENT
WHAT IS MISSION STATEMENT
WHAT IS OBJECTIVE
KEY TERM OF STRATEGIC MANAGEMENT
WHAT IS FACTOR IN STRATEGIC MANAGEMENT
PITFALL,DRAW BACK IN STRATEGIC MANAGEMENT
TYPES OF STRATEGIES

MBA NOTES

KEY TERMS OF STRATEGIC MANAGEMENT

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