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Strategy is determining where you are now, where you want to go, and how to get there. It’s the art of developing and implementing specific actions and decisions that will help a business to achieve goals and objectives as set out by the owners. Through the strategy process the overall direction of the company is set including opportunities and threats in the outside world and the internal strengths and weaknesses of the business.
If we have:
1- Good market analysis
2- Specific Funds
3- Willingness
The achievements in business has to undergo several process as per the guidelines and outlook imparted in setting of the visions, strategies, aims and objectives for the successful achievement of the business goals. The success depends upon how these are clearly and cleverly managed and gauging factor for Managerial efficacy.
Should the visibility of the goals and strategies in the facility
So do not conflict with the public policy of tactical plans
To be coordination between the various departments of the objectives in the light of the public policy
