planning is an essential part of managing an enterprise. "Strategic" plan is developed as a guide during the planning process for major policy setting and decision making.
What is Strategic plan?
Business executives use the process of strategic planning to determine the aims and objectives of their organisation as well as their long-term vision. Establishing the order in which these objectives should be accomplished can help the organisation achieve its stated vision. Although it can run longer, strategic planning frequently addresses objectives with a life cycle of three to five years. A business plan may cover a time frame of several years to several months.
Why is strategic planning important?
For firms, organisational direction and goals are crucial. Strategic planning offers that kind of guidance. A strategic plan essentially serves as a roadmap for accomplishing organisational goals. It is impossible to tell if a company is on track to achieve its goals without such guidance.
The following four factors should be taken into account when creating a strategy.
1) The mission
2) The goals
3) Alignment with short-term goals.
4) Evaluation and revision.
What are the steps in the strategic planning process?
Depending on the sort of business and the level of granularity necessary, there are a plethora of different approaches to strategic planning. These five steps can be used to outline most strategic planning cycles:
1) Identify
2) Prioritize
3) Develop
4) Implement
5) Update
To learn more about Strategic planning
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Answer:
the techniques and the earth
Explanation:
so basically those techniques help you
Answer:
B. This is a firm that sell highly differentiated consumer goods
Explanation:
This tends to explain monopolistic competition type of market in which many firms sell products that are similar but not identical. In this market there are many sellers or firms competing for the same group of customers. It is a market structure that lies between the extreme cases of competition and monopoly. Hence, many producer or firm uses advertisement to attract many customer and they spend large percentage of their profit on advertisement in order to control the larger part of customers in the market.
It must establish that it has a valid mark entitled to protection and that the defendant used the same or a similar mark in commerce in connection with the sale or advertising of goods or services without the consent.
Answer:
D. The market value of the bond approaches its par value as the time to maturity declines. The yield-to-maturity approaches the coupon interest rate as the time to maturity declines.
Explanation:
Regardless of the market rate, the cash flow of the bond are fixed.
Thus, at maturity if the bond face value is 1,000 it will be traded at 1,000
days before it will be traded at 1,000 less the market discount rate but, they exposure to interest will be fewer than 10 years ago thus, their effect minimize. <u><em>As time passes the market value gets closer to maturity</em></u>
Same is throught for the YTM as time passes the interest weight in the market value decreases and thus, the maturity which tends to match face value increases. making the YTM closer than the actual bond rate.
