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Lecture Note 2 Levels of Strategy Other Related Issues
Lecture Note 2 Levels of Strategy Other Related Issues
Related Issues
Levels of Strategy
• Corporate-level strategy
• Business-level strategy
• Operation-level strategy
Corporate-level Strategy
Vision
A vision or strategic intent is the desired future state of the organization. It is an
aspiration around which a strategist, perhaps a chief executive, might seek to focus
the attention and energies of members of the organization.
Mission
A mission is a general expression of the overall purpose of the organization, which,
ideally, is in line with the values and expectations of major stakeholders and
concerned with the scope and boundaries of the organization. It talks about how
the vision will be accomplished.
The Vocabulary of Strategy
Goal/Objective
The word goal/objective is usually means a general aim in line with the
mission. It is more precise and time bounded.
Strategy
Strategy is the long-term as well as short-term direction of the organization
along with the deployment of resources.