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Crafting and Executing Strategy

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Such a direction pertains to areas such as financial strategy, hman resources strategy, mrketing strategy and organizational strategy in order to be successful. Hving a strategic plan defines the best course of action for the business. Panning is a vital tool in any business but would be useless if the owners or management do not define an appropriate course of action. Hving a strategic plan has additional benefits as it lays out a natural course of action from the strategy that the management chooses. Srategic planning does not only dreams, vsion and mission, bt also defines the rudiments of the action plan so as to achieve the desired results (Lockwood & Walton, 2008).

i dedicated to offer its customers unique and quality products at friendly prices. Te company is determined to offer its customers with the best products in the industry through our network of dedicated staff. Our aim is to become the most sought after globally recognized brand name through continuous innovation and production of gadgets for use by our customers. Te mission statement will be essential the success of the company because it assures customers of high quality product at reasonable prices.

Tis acts as a bench mark for the company to fulfill this and satisfy demand. Te company can achieve remarkable success just by abiding to this, ad especially in working towards becoming the number one brand in the industry. Fllowing the mission will a guideline to the success of the company as it explains where the company is headed. “ur main focus is innovation and invention. I is our sincere belief that we to own and control the innovations behind our products, ad take part in markets in which we contribute significantly.

W say no to thousands of projects in order to focus on only a few that are significant and will make an impact on our esteemed customers. W always choose excellence before anything else and are honest enough to admit if we make any mistakes and purpose to change”. Te vision statement clearly states what the company will do in order to achieve its goals and objectives. Te vision statement in support of the mission statement in that it defines the course of actions to reach the desired destination.

Te mission statement mainly indicates where the company is heading, wereas the vision statement proposes a course of action or a...

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