Stakeholder Theory and Strategic Management

Question 1

What is the Purpose of Companies?

Answer 1

To produce solutions to problems of people and planet and in the process to produce profits.

Question 2

What should be included in a Business Plan?

Answer 2

1. Strategic Planning - Why and When?
2. Tactical Plan - Where and How?
3. Operational Plan - What?

Question 3

What is Strategy?

Answer 3

A general plan to achieve one or more long-term or overall goals under conditions of uncertainty.