Strategies
Strategy is a plan to achieve some target.It is like a road map to achieve goal.For an organization to grow, make profit and stay ahead in challenging business world, they need a good business strategy. Which could fulfil their business goal and with little modification they can introduce new idea in their organization and it must be long lasting.
For example if an organization plan to invest on their employees by training, health insurance, increasing wages or better working environment. Here organization is spending money on their employees but on the other hand they are making employees to stay in for longer time, that why companies run Career Development Programmers. Which help them to place employ in different role and judge his/her abilities to perform in particular role and they can place him/her where they work best.
Plan
bankie was right ,
Business plan is the formal write-up which tells how you will run your business to get financial help from sponsors and banks. We must to study the business plan of company if we want to invest in it.
Business plan is a detailed writeup of all the organisation is about. it give complete details of the set up of the organisation, its management polices, marketing strategies and even the corporate strategy.
ReplyDeleteur blog made me to think abt 'business plan'
ReplyDeletehey now that was a nice example about a organization's business strategy.. i think many might know about it but who didn't know... it was knowledgeable for them but for rest of us it was Refreshing..
ReplyDeleteBusiness plan is a well written document, and to prepare the plan, org need a lot of market study, case studies about current market status and the future goals of the org.
ReplyDeleteAnd to change the plan in the half way , its not easy. The process of re-planning needs a lot more time.So most of the time ,org stick to their plans.....thts wat i think......