Strategic Management
Strategic Management
Short-term objectives
Functional tactics
Policies that empower action
Strategic Control and Continuous Improvement
Conclusion
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Generic and grand strategic plans need explicit expertise, resources as well as organizational structures for it to succeed implementing its business (Nayyar and Templeton, 1991, 36). These strategies are the ways through which a business can accomplish its perennial objectives. New ventures require intensive research that will determine if the venture will survive with certain generic and grand strategies (Nayyar and Templeton, 1991, 40). These strategies provide businesses with fundamental direction for functional and specific strategic tactics of the company. They address issues relating to products prices, qualities and issues incurred by their customers. Generic and grand strategies define strategic alternatives that a new venture can use.Generic and grand strategic plans need explicit expertise, resources as well as organizational structures for it to succeed implementing its business (Nayyar and Templeton, 1991, 36). These strategies are the ways through which a business can accomplish its perennial objectives. New ventures require intensive research that will determine if the venture will survive with certain generic and grand strategies (Nayyar and Templeton, 1991, 40). These strategies provide businesses with fundamental direction for functional and specific strategic tactics of the company. They address issues relating to products prices, qualities and issues incurred by their customers. Generic and grand strategies define strategic alternatives that a new venture can use……………..APA 2650 words