Introduction
A strategy is a plan, choice, and decision that an organization makes to gain profits, success, and increased market share. Importantly, strategic planning is not strategic thinking (Mintzberg, 1994). This essay discusses the importance of goals and plans to an organization. Also, it examines the elements that are essential in the development of an effective business strategy.
Importance of the three goals to the strategy
Strategic goals Strategic goals are fundamental since they help the organization to determine what it needs to do in long-term and ways to attain the target. Also, strategic goals assist the particular company to utilize its resources including employees and assets to ...