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Business strategy
The Responsibility And Role Of Management In Corporate Strategy
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[QUOTE="Leah Kelvin, post: 337239, member: 106815"] The role and responsibility of the management in business strategy are very essential for the success and growth of an organization. Below are some critical areas to consider: 1. Setting the strategic direction: The management is responsible for setting the strategic direction of the organization as a whole. This involves determining the company’s long-term goals, objectives, vision and core values that guide decision making. 2. Formulating corporate strategy: An important role of management is formulating corporate strategies. This includes analyzing market trends, identifying opportunities/threats, assessing internal capabilities and designing a strategic plan consistent with organizational goals and objectives. [/QUOTE]
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