Hye friends..today I will share with you what I have learned in my class for this week. For this week, we have learned on two topics for subject Strategic Management. For the first topic we learned on the Nature of Strategic Management and for the second topic we covered on Vision and Mission.
Here is my opinion and my thought for those topics:
Topic 1:
1) There are several steps to be follow to have a strategic planning.
2) Strategic planning includes "formulating, implementing and evaluating"
3) Strategic management is interrelated with strategic planning.
# Strategic planning will help us to have a good plan as it is the best platform for us to achieve our target by following the guideline that has been prepared.
Topic 2:
1) To achieve the target we need to have vision and mission.
2) Vision is a short term planning to achieve the target.
3) Mission is a long term planning as well as a way on how to achieve vision.
# Everyone has their own vision an mission to achieve in their life as well as an organization. To achieve vision and mission, strategic management is important as it will lead us to follow the plan.
That's all for today. Till we meet again.
wassalam.
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