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What is strategy new
1. What is strategy? By: Michael E. Porter Interpreted By: Nilesh Kumar 10BSP0148 IBS-B.
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39. The Strategy Focused Organization Mission: “ Why we exist” Core Values: “ What we believe in” Vision: “What we want to be” Strategy: “Our game plan (how to win)” Goals For Implementing Strategy (Metrics): “ What we need to do” OUTCOMES Satisfied Shareholders Delighted Customers Effective Process Motivated and Prepared Workforce
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Hinweis der Redaktion
strategic capability is quite simply the capacity of a business to survive, prosper and deliver future value. It comprises a number of distinct components. Clarity of thinking and action in objectives and strategy; evidence of strategy in action and strategic progress in operational achievement; sensitivity to the future and to the impact of controllable and uncontrollable trends and factors upon future performance; investment in resources, strengths and less tangible drivers of value; and, an approach to social ethical and environmental matters that is integral to the strategy of the business.
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