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Can you explain strategy in simple …

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Can you explain strategy in simple word planning chapter

Posted by Vish Khana 4 years, 8 months ago

CBSE > Class 12 > Business Studies

2 answers

Sia ? 4 years, 8 months ago

Strategy is a comprehensive plan for accomplishing organizational objectives. It includes three dimensions:
A. Determining long-term objectives
B. Adopting a particular course of action, and
C. Allocating resources necessary to achieve the objective.
Whenever a strategy is formulated, the business environment needs to be taken in consideration. The changes in the economic, political, social, legal and technological environment of an organisation will affect an organisation’s strategy.
Major strategic decisions will include decisions like whether the organisation will continue to be in the same line of business, or combine new lines of activity with the existing business or seek to acquire a dominant position in the same market.

Saurabh Singh 4 years, 8 months ago

Strategy refers to the plans made due to some changes occurred by bussiness environment .

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Posted by Sunil Lata Jain 1 month, 1 week ago

CBSE > Class 12 > Business Studies

0 answers

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Posted by Vidit Sisodia 3 weeks, 3 days ago

CBSE > Class 12 > Business Studies

2 answers

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Posted by Sanjana Sood 1 week, 3 days ago

CBSE > Class 12 > Business Studies

1 answers

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Posted by Nafila Nafila 2 days, 8 hours ago

CBSE > Class 12 > Business Studies

1 answers

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Posted by Ayusi Das 3 days, 4 hours ago

CBSE > Class 12 > Business Studies

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Posted by Devansh Nagar 1 month, 3 weeks ago

CBSE > Class 12 > Business Studies

2 answers

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Posted by Bhumi Dhingra 2 weeks, 5 days ago

CBSE > Class 12 > Business Studies

0 answers

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Posted by Khush H 2 months, 1 week ago

CBSE > Class 12 > Business Studies

3 answers

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Posted by Bhagirath Vadhel 1 week, 6 days ago

CBSE > Class 12 > Business Studies

1 answers

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Posted by Rishabh Modi 2 months ago

CBSE > Class 12 > Business Studies

0 answers

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