Kinds Of Strategies And Policies

Major kinds of strategies and policies need to developed in areas such as growth, finance, organization, personnel, public relations, products or services and marketing .

Competitive Strategies By Porter :

Professor porter identified three generic competitive strategies related to :

  • Overall cost leadership

  • Differentiation strategy .

  • Focused strategies .

Effectively Implement Strategies :

To implement strategies effectively, managers must communicate the strategies and planning premises to all who should know them and must make sure that plans contribute to and reflect the strategies and goals they serve . Managers must also review strategies requirely, develop contingency strategies, and be sure that the organization structure of the enterprise fits its panning programs managers need to make learning about planning and implementing strategy an on going process .