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A response to the post below no more than 180 words and please a internet reference. Thank you My most significant learning achievement was understanding corporate strategy must not only define the
A response to the post below no more than 180 words and please a internet reference. Thank you
My most significant learning achievement was understanding corporate strategy must not only define the product and business direction (business, market and financial goals) but also what a firm has to do to achieve these goals. What resources must invest to and how to organize them. What people’s skill profiles need, which competencies must be developed and how they must be used to develop the business.There is no 'one and done' strategy that will work in all situations for every business – all companies operate differently will be more successful in some environments than others. Thus, It is important to recognize and understand different strategy including the situations in which they work best and employees need to be more focused and aware of the practical step-by-step actions that will move the organizational goals forward, and managers need to manage this process. Everyone's daily and weekly focus should be on the very specific tasks they need to achieve to move their goals forward.Increasingly, Corporate Strategic Management has become crucial in the world of business and the ever uncertain environment and fast-changing world in which we live and work.The primary purpose of the Corporate Strategic Management course learnt how to perform analysis, planning and provide recommendations. Planning is an essential management tool for any company. The main task in the strategic planning process is predicting future trends that will help the business in building In order to make this happen, strategic planning tools need to be used instead of simple planning processes in career.Corporate Strategic Management course teach me forward thinking personally. Through a well thought out strategy, it will be able to draw up clear, long term goals. These goals are important so that it have a distinct idea of how to move forward which can prove beneficial for an organization’s overall growth.