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Strategic Management

Details: What do you consider Able Corporation's top two strategic objectives over the next year? Why these? Be creative and think outside the box.

Hint: We are essentially in a situation commonly referred to as a "turn-round" situation. Consider this scenario as though "Able" were a patient, very ill, being wheeled into the Trauma Ward of an Emergency Center. What is the primary task of the medical team with the ill patient? This answer will guide you in selecting the two strategic objectives.


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The response addresses the queries posted in 620 words with references.

//Before writing about the rationale to select the strategic objectives, it is essential to gain knowledge about the strategic objectives of the company. One should know about the top two strategic objectives of the company in order to direct it for the future prospects//

Strategic objectives

Strategic objectives play a determinative role in the development of future prospects of any company whether it is a retail company or a manufacturing one. These objectives serve as a key element of organizational strategies that form the basis for the organizations. Strategic objectives of Able Corporation are based on an in-depth assessment of its situation that reflects the short term and long term goals of the company. After the assessment of overall company situation, it is reflected that the firm is in turn-round situation (Hitt, Ireland & Hoskisson, 2008, pp 275). These strategic objectives are developed according to the SMART pattern ...

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The response addresses the queries posted in 620 words with references.