Chapter Two : NATURE & VISSION AND MISSION

Hye everyone ! :)
We meet again in this entry. So, this week we are not learned only one topic, but TWO topic okay. So nice :)
First topic is about The Nature Of Strategic Management and the second topic is about The Business Vission and Mission. 

Okay, for the first topic we have learned about the stages of strategic management. It have three stages which is :

• Strategy Formulation - developing a vision and mission and also determining internal strengths and weaknesess, external opportunities and threats ( SWOT Analysis )

•  Strategy Implementation - establish annual objectives, devise policies, motivate employees, and allocate resources.
• Strategy Evaluation -  external and internal factors, measuring performance, and taking corrective actions.

For the second topic, we have learned about the vission and mission. 

• Vision should be short, one sentence and should have input into developing the statement.
• Mission is an essential for effectively establishing objectives and formulating strategies. 

So, this is all in week 2. Hope you all will enjoy when reading this entry. Thank you :)