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Importance of Business Policy and Strategy Management

Business Policy and Strategy management is the study of the roles and responsibilities of top- level management, and studying the basics fundamental of strategic-management process and studying the basics of  the significant issues affecting organizational success and the decisions affecting organization in the long-run. Where topics include such as strategic management overview, business ethics, major relations and advantages, disadvantages of strategic management are included. Business Policy and Strategy Policy are the guidelines developed by company or organization to govern its actions

Scenario of Business policy and strategic management questions and answers

Topic: Preamble This report shall be about GE Power & Water  

Presenting your findings similar topics with us and ask any other related company or organization based Business policy and strategic management questions and answers with our writers- anytime with any deadline- Submit your assignment requirements here

Perfect solution for Business policy and strategic management answers includes:   

Your report should be presented in Business policy and strategic management report format which includes an:

• Executive summary (make it brief)
• Introduction (setting out the scope of your work)
• Main body
• Recommendation and Conclusion

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Your report should incorporate the following steps in Business policy and strategic management:

1. Identify the firm’s and company or organization existing vision, mission, objectives, and strategies.
2. Develop Business plan and strategic vision and mission statements for the organization.
3. Identify the firms and organization’s internal strengths and weaknesses and prepare a Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix
4. Conduct a PESTLE Analysis and develop environmental scanning key points for your organization and the environment in which it operates.
5. Construct a Growth Share Matrix (BCG) for your considered organization. Recommend long-term objectives and specific strategies to achieve them.
6. Specify how your recommendations can be implemented and what results you can expect.
7. What Management, Marketing, Finance/Accounting, R&D and CIS issue, if any you foresee. Your recommendations to address them.
8. Recommend procedures for strategy review and evaluation.

Type of Organization

• If your organization is part of a larger international organization, you may consider only your country’s division. Avoid considering individual departments or sections of an organization as this will constrain you to deal with functional-level strategy only.
• If your organization is a government department, proceed with an analysis of that division, providing, it is a budgetary Centre. Dealing with a subdivision will constrain you to deal with functional-level strategy only.
• If your organization is an independent, not-for-profit entity, proceed according to the advice

Make sure the conclusion is not just a summary of your recommendations. Emphasize the key recommendations in your conclusion and consider how they might be auctioned.

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