Compose a 2250 words essay on Business Strategy. Needs to be plagiarism free!
Some of the yardsticks used the expected returns or input compared to the out output, a phenomenon called cost bearing ratio (CBR). Feasibility of certain alternative could also be attributed to the nature of competition, capital, and human resource availability, political, legal and cultural implications among others. After settling on a specific alternative or decision, the planning team comes with organizational structure and these include the vision, mission, goal, and objectives of the business. These are meant to motivate all business stakeholders to ensure its success. The team can then conduct a business study to know what is actually on the ground, in terms of demand versus supply and other business environmental issues. A well-constructed business strategic plan would act as a budget for establishing a business, meaning it would the team incorporate all the essential factors in a business establishment. It also helps the team gather relevant business information that could be used to assess or audit its success in the future. This discourse is a business strategic plan to start a computer college in Tripoli, Libya.
Business vision is the general image created once the computer school is established. In this case, I will settle on “Digital community”. The school would provide the opportunity for Libyans to learn computer applications, and join the digital regime. Business mission, on the other hand, is the purpose of establishing the business and these include, providing cheap computer education, creating job opportunities and to contribute to the general economy of the country. Business values are the bottom line or common beliefs among its stakeholders and I will settle on “Education is the key to development, Computer knowledge is the solution to major modern problems and computer illiteracy is a modern torture” among other values.