STRATEGIC MANAGEMENT PLAN

Strategic Management Plan

Abstract

In today's world where entrepreneurship and owning your own business is considered as the latest fashion to acquire wealth and status we see a lot of new businesses launching every month and every year but only few of them are able to maintain their position in the cutthroat competition and rivalry. The basic objective of this paper is to analyze an organization its current position and future prospects.

Strategic Management Plan

Introduction

In today's world where entrepreneurship and owning your own business is considered as the latest fashion to acquire wealth and status we see a lot of new businesses launching every month and every year but only few of them are able to maintain their position in the cutthroat competition and rivalry. The basic objective of this paper is to analyze an organization its current position and future prospects.

Discussion

Mission

In today's organization it is imperative to learn new system to manage and promote skills development of people, so that business intelligence depends heavily on human resource management policies are exercised in each organization.

Vision

Vision means, the idealization of the future of the company. When there is conceptual clarity about what you want to build a future, you can focus the management and implementation capacity towards them steadily.

Pestle Analysis

Pestle analysis is one of the most important tools used by the business to assess their external environment. These days, every organization makes use of Pestle Analysis because of the benefits it provides to various companies. The external factors such as political, economical, social, technological, legal and ecological create a strong impact on the businesses in different ways.

Political Factors

The political factors are the biggest concern for the countries that operate in developing countries. The reason is due to unstable political environment, unrest and the riots that place at regular intervals. The investment laws ...