Objectives Of Strategic Management And Michael Porter 's Generic Strategies Essay

2491 Words10 Pages
Course –Strategic Management BM 7001 (Assignment - 1) Submitted to Cyril Peter JP Submitted by NimeshkumarBhavsar (ID -2145167) A K M Junayed (ID - 2144295) Assessment 1 Strategic Plan – Robin Hood Introduction From this report it’s reflected that potential business strategies and also internal strength and external weakness. It is supposed that the resources and technology available that time are not equivalent to current situation. Apart from the study we got the business strategies with vision and mission besides strategic opportunities. The principles of strategic management and Michael Porter’s Generic Strategies are related to this case study. This report willdemonstrate how the principle of strategic management applies to any organization and help organisation to achieve their long-term objectives. 1. Vision and Mission: According to (Hubbard, 16th April 2010)a vision statement that identifies the long-term strategic purpose of the organisation. It should be short and succinct. It should represent a realistic concept of the desire long term position of the organisation and of the type of the organisation the company is trying to create. According to (Evans, April 24, 2010) A Vision Statement defines “the optimal desired future state - the mental picture - of what an organization wants to achieve over time and Provides guidance and inspiration as to what an organization is focused on achieving specific period of time” Vision: To be a trusted company

More about Objectives Of Strategic Management And Michael Porter 's Generic Strategies Essay

Open Document