DB1-Strategy - Strategy Discussion Board 1 September 1,...

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Strategy Discussion Board 1 September 1, 2011 Karen White Liberty University BUSI 650 Key Concept – Explanation: “The definition of business strategy is a long term plan of action designed to achieve a particular goal or set of goals or objectives” (“A definition of," 2008). Strategy is the executives’ game plan for improving the operation of the organization. It expresses how company should be direct to attain the sought after objectives. With no strategy executives has a plan to direct them. Every other year my agency develops the agency’s strategic plan. I choice this topic because as I get more into management aspects of my agency I would like to know what goes in to making a strategic plan. The business strategy of a corporation offers the big picture that presents how all the individual actions are organized to attain a preferred outcome. It is through the strategy procedure that the general objective of the corporation is established. This is centered on the opportunities and threats in the external world and the internal strengths and weaknesses of the corporation. Strategy is the procedures that a leader takes to reach a managerial objective. It is the formation that aids executives in attaining its goal. Comparison: Meredith and Shafer states that “the business strategy specifies what an organization’s competitive advantage will be and how this advantage will be achieved and sustained” (2010). In the article
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DB1-Strategy - Strategy Discussion Board 1 September 1,...

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