Explore BrainMass

Explore BrainMass

    Long Term Strategy Planning

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What is strategy? Why is long-term strategy planning important?

    © BrainMass Inc. brainmass.com October 10, 2019, 6:18 am ad1c9bdddf

    Solution Preview

    Strategy is the plan of action that an individual or organization makes to achieve their mission or goal. It consists of both policy and action and affects the culture of the organization. Michael Porter points out that strategy is not the steps one is going to take, but the unique position the company will be able to achieve or the advantage it ...

    Solution Summary

    This solution defines strategy and explains, with examples, why long-term strategy is important. Includes APA formatted reference.