
Strategic Management Terms (Part 1)
Authored by Shane Tan
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1.
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1 min • 1 pt
The process of planning, implementing, and evaluating an organization's strategy to achieve its goals and objectives.
2.
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An assessment of an organization's strengths, weaknesses, opportunities, and threats to inform strategic planning
3.
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A concise statement outlining an organization's purpose, values, and core objectives.
4.
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A forward-looking statement describing the desired future state of an organization.
5.
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The systematic process of defining an organization's strategy and making decisions on allocating its resources.
6.
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Broad objectives that an organization aims to achieve over a defined period, aligning with its mission and vision.
7.
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Specific, measurable, and time-bound targets that support the achievement of strategic goals.
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