Abstract

The strategy represents a unique set of vision, policies, goals and main action plans and activities that ensure the development and progress of an organization. Sophisticated IT technology tools, today, help managers make the right decisions and quality strategic plans. A strategy is a planning decision that specifies the ways to achieve goals. It starts from the given state of the organization, needs and possibilities, and opportunities that prevail in the environment and that condition the way of reaction. Strategy is necessary if the management wants to maintain the organization and achieve some profit. It should enable a higher degree of sensitivity of the organization to changes and demands of the environment, to enable an adequate degree of flexibility in case of great resistance from external factors. Thus, strategic planning is a time, resource concretization component that specifies the most important actions and policies of the entire organization. I believe that the work conceived in the following way provides a solid basis for understanding this issue. Certainly the literature of eminent authors was of great help to me.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.