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Strategic Business Planning | Full eBook (ZE_14)
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Strategic Business Planning | Business Studies
Strategic Business Planning | Full eBook (ZE_14)
Chapter 1 - 5 Strategic business planning is important because it provides clarity, direction and focus for the organization and therefore, allows organizations to be proactive rather than reactive. It improves the organization’s management...
Concept Profile: Strategic Business Planning | Chapter 1 (ZE_14.1)
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Strategic Business Planning | Business Studies
Concept Profile: Strategic Business Planning | Chapter 1 (ZE_14.1)
Strategic Business Planning involves the process of determining policies and procedures (and budgeting for them) in order to accomplish goals and objectives of the organization, which is normally closely related to the organization’s mission...
Preliminary Vision & Mission Statements (Interim Targets & Goals) | Chapter 2 (ZE_14.2)
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Strategic Business Planning | Business Studies
Preliminary Vision & Mission Statements (Interim Targets & Goals) | Chapter 2 (ZE_14.2)
Mission and vision statements form part of the organizations strategic business plan. It is important for any organization to develop a vision, mission and values as it determines the strategic direction and the organizational strategic processes...
Strategy Formulation | Chapter 3 (ZE_14.3)
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Strategic Business Planning | Business Studies
Strategy Formulation | Chapter 3 (ZE_14.3)
As discussed in the previous section, the vision and mission statements help an organization to establish its goals, and this is the first step in the process of formulating a strategy. Strategy formulation is the process by which an organization...
Strategy Implementation | Chapter 4 (ZE_14.4)
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Strategic Business Planning | Business Studies
Strategy Implementation | Chapter 4 (ZE_14.4)
Once a strategy has been formulated, processes and procedures need to be devised to ensure it is properly implemented. The strategy is about how an organization will achieve its goals; the implementation process is about how the strategy will be...
Strategy Evaluation | Chapter 5 (ZE_14.5)
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Strategic Business Planning | Business Studies
Strategy Evaluation | Chapter 5 (ZE_14.5)
A strategy determines the organization’s success or failure and therefore, the importance of the evaluation process, which highlights that by measuring performance you can later develop strategies improves it. Strategy evaluation is the process...

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