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Question: I need a short review on the below mentioned paragraph by agreeing or disagreeing the points which are mentioned in the paragraph. The strategy
Question: I need a short review on the below mentioned paragraph by agreeing or disagreeing the points which are mentioned in the paragraph.
The strategy of a business aims to build long-lasting relationships with customers. Strategic goals include customer satisfaction, profitability, and company growth. It refers to the future course, including determining the type of business, its products and services, and how it will be organized. Strategy is typically related to the organizational structure, which is the organization of the business (Benkov et al., 2020). It focuses on how the business will be structured to be competitive and profitable over time. A firm will have strategies for various levels of the organization. For example, a company can be a global business with several subsidiaries operating under the parent company. The strategies and activities may be identical across all the units. Alternatively, it can be a business with a single division, but the operations can be different depending on the different customers.
The strategy's goals will be a set of activities to be executed by the business. These activities are usually described in the business's mission, vision, and values. The goals are achieved when the strategy is linked to the organization of the business. For example, the goal of a customer service team can be to provide the highest levels of service to all customers. Thus, the strategy will make sure each customer has a positive experience. A business strategy sets the foundation for how the business will operate and evolve in the future. The vision of the strategy will be a long-term vision of the business. It is the future state that the business aims to achieve. The mission of the strategy is the short-term vision of the business. It is the strategy's mission to set the path that the business needs to achieve the long-term vision (Teixeira et al., 2019). The values of the strategy are the behaviors that a business wants to adopt and is expected to display to achieve the long-term vision and mission.
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