Unit-5 Business Strategy Assignment Help
Unit-5 Business Strategy Assignment Help is a criteria whereby the goals and objectives of the organization are framed in an effective manner that are achievable and structured in the best manner possible. The approach is further explained as below:
Specific: the goal should be specific in nature free of any confusion. For it to happen the goals should be formulated after answering the questions such as who would be involved, what does it accomplish, identifying the place, establishing a time limit, laying out the resource requirements and the reasoning for everything so decided.
Measurable: The goals shall be structured in a measurable manner and such criteria of measurement shall be decided before hand. The parameters of measurement shall be quantifiable in terms of dates, start, finish, and effort after answering questions of how much, how many and how to get there.
Attainable: It is necessary to set a goal or an objective that is achievable and practical in nature. To make it attainable the required attributes and qualities should be developed in order to ensure the achievability. This could be done by diving a goal in steps to make it more attainable by considering one little goal at a time.
Realistic: The goals so set should be realistic in nature. It shall be common to the organizational goals and personal goals of the employees. Therefore making it real. It shall be adjusted according to the position of the organization, in terms of labour and costs applied.
Timely: Every goal should be set according to a certain time frame of achieving it. It increases the efficiency and effectiveness of achievement of goals. This time oriented goals encourage achievement of the set goals on time. For example: the goal is to be achieved by 1st December with a monthly review of goals. It restores the faith in achievement of the set goal and makes it real. (Grünig&Kühn, 2015)
Unit-5 Business Strategy Assignment Help
For mulberry to formulate a successful strategy it should look into factors such as
- Interest of stakeholders
- Market climate
- Political factors
- Financial stability
- Manpower available
- Technological requirements
Based on the above mentioned factors it shall look into the formation of such a goal that makes it the most realistic and attainable with in a given time frame.
For Mulberry can be concluded that in present business there are multiple factors and strategy today which are responsible for success or failure of the company. The purpose of organisation, responsibility of organisation towards its stakeholders are some of the factors which has major impact on the performance of the business. The new strategy implemented by Mulberry would increase his performance on the market. Order Now
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