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Business
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| Number of pages / Number of words: |
3 / 610 |
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There are a variety of definitions for strategies, but everyone basically agrees that a strategy is the answer to the questions, "what?" and "how?" There are several different categories of strategies including organizational and functional. The difference among the categories is the focus of the strategy: organizational strategy outlines the planned avenue for organizational development (i...
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Functional strategies express how to manage administration and support needs that impact the organization's efficiency and effectiveness (i.e., develop a financial system).
. It is very important for managers to understand the importance of strategic management and planning. Organizations need long-term vision and direction, and flexibility to change as their operating environment changes...
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