Test Bank For Foundations of Strategy By Robert M.Grant
Test Bank For Foundations of Strategy By Robert M.Grant
Test Bank For Foundations of Strategy By Robert M.Grant
Foundations of Strategy By Robert M.Grant – Test Bank
Foundations of Strategy By Robert
Chapter 1
The Concept of Strategy
- Strategy today is essentially a detailed plan which every member of the organization must follow to ensure success.
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- Strategy is in essence a long-term plan for an organisation to achieve its long-term objectives.
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- For most firms, although good luck may play a part, success is more likely to be a result of a soundly grounded and well executed strategy.
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- Sound strategy and implementation largely determine the probability and extent of the success of a firm.
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- A sound strategy relies on four factors: simple and consistent goals; sound understanding of the competitive environment; objective appraisal of resources; and effective implementation of strategic decisions.
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- Usually, business success has been proved to rely in the end on superior resources.
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