Answered: describe a robotics robot Company's…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

describe a robotics robot Company's Mission, Vison, Product development, Team, and include Marketing and Financial Plan for the next 3 years. Please provide your critical analysis of the company’s activities and in-depth arguments to support your statements.

Expert Solution

Step 1: Define Strategic management:

Strategic management is the precise cycle by which an organization figures out and executes its drawn out objectives and goals. It includes evaluating the association's inside assets and shortcomings, as well as outer open doors and dangers in its working climate. In light of this examination, strategic management helps in creating systems and activity designs that guide the association towards accomplishing its vision and mission. This cycle incorporates defining clear boundaries, distributing assets really, and ceaselessly checking and adjusting to changing conditions to guarantee the association's prosperity and seriousness over the long haul.