Good and bad strategy in business

Price: $20.00 USD

Document Description

In dictionaries and literature books, a strategy is defined as a plan or a method that is used to bring the desired results. Every activity with a target has a strategy. In the field of business, a strategy can be explained as a plan or plans that a certain company or organization is to partake to achieve its desired goals and objectives. Therefore, in every strategy, there will be planning and identification of the methods that will be used in making sure that there strategy is successful (Jimmy, 2014). The effectiveness of the company is sometime taken as a strategy but it is not. In the past, many managers have been using the defined and set rules and regulations that must be followed for the company to be a successful.

Written By

Studypool Tutor
1Good and bad strategy in businessInstitution:Name:2IntroductionIn dictionaries and literature books, a strategy is defined as a plan or a method that is usedto bring the desired results. Every activity with a target has a strategy. In the field of business, astrategy can be explained as a plan or plans that a certain company or organization is to partaketo achieve its desired goals and objectives. Therefore, in every strategy, there will be planningand identification of the methods that will be used in making sure that there strategy is successful(Jimmy, 2014). The effectiveness of the company is sometime taken as a strategy but it is not. Inthe past, many managers have been using the defined and set rules and regulations that must befollowed for the company to be a successful. Sometimes there are obstacles that are experiencedin the management of these companies and organizations. These obstacles are a times difficult tomaneuver and the companies in the situation must be flexible to respond to the changes in thecompetitive markets of the products they are selling. For instance, the world changes in pricesmay really affect the plan of a company or organization. This is a clear disadvantage to thecompany that works on set rules and regulations since to adopt the changed prices; themanagement of the company has to consult a number of ways before an agreement is made torespond to the new prices.A good strategy will be an advantage to one company over the
lock_open Buy Document

Reviews from Students

Studypool Student
"Goes above and beyond expectations !"
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors