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What is the difference between strategy …

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What is the difference between strategy and procedure??

Posted by Chitra Sharma 7 years, 8 months ago

CBSE > Class 12 > Business Studies

2 answers

Chitra Sharma 7 years, 8 months ago

Thanxx Aashiriti singh☺

Aashiriti Singh 7 years, 8 months ago

Strategy is a comprehensive plan made in response to change in the business environment to achieve organization objective. It is formulated after considering activities of the competitors. A procedure is a chronological sequence of various steps to be taken in order to perform an activity in an efficient. Procedure is needed for the implementation of policy.

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