Greetings of the hour, please. My name is Samuel Dadzie. May I, please, konw the simplest way I can formulate Grand and Generic Strategy in Strategic Business Plan?   Thank you. Samuel Dadzie

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Greetings of the hour, please.

My name is Samuel Dadzie.

May I, please, konw the simplest way I can formulate Grand and Generic Strategy in Strategic Business Plan?

 

Thank you.

Samuel Dadzie

 

Expert Solution
Step 1

Strategic plan is a type of plan in which the manager tells about his vision for the future and set the goals and objectives   for the organization to achieve those vision. With the help of strategic planning the management set its priorities and   ensures that employees are working hard towards achieving the set organizational goals. Strategic plans are made by the top level of managers in the company because in this the manager tells about his vision for the future and set the goals and objectives for the organization to achieve those vision which cant be decided by the lower level of managers. Strategic Plans considers both the internal and external factors of the business environment in order to make the strategies for the company.

 

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