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The competitive moves and business approaches a company’s management is using to grow the business, compete successfully, attract and please customers, conduct operations, respond to changing economic and market conditions, and achieve organizational objectives are referred to as its mission statement. business model. strategy. strategic intent.
A company’s strategy is most accurately defined as management’s game plan for growing the business, attracting and pleasing customers, conducting operations, and achieving financial and market performance objectives. management’s concept of “where we are headed.” management’s approaches to building revenues, controlling costs, and generating an attractive profit. the business model that a company’s board of directors has approved for outcompeting rivals and making the company profitable. Help with assignments.