Strategy and implementation Flashcards
1
Q
Relationship between objectives, strategy and tactics
A
Objectives are the specific goals that a business aims to achieve over a given period.
Strategies are the high-level plans that a business develops to achieve its objectives.
Tactics are the specific actions that a business takes to implement its strategies and achieve its objectives.
2
Q
Evaluate a business’s current or proposed strategy
A
3
Q
Recommend and justify how a business could alter its strategy
A
4
Q
The impact and importance of changing a business’ strategy to the business and its stakeholders
A
5
Q
Why a business needs to plan its implementation strategy
A
6
Q
The impact and importance of a strategy for a business and its stakeholders
A
7
Q
Justify a strategy for a business
A
