HRM 3430 Chapter Notes - Chapter 1: Competitive Advantage

• School: York University
• Department: Human Resources Management
• Course: HRM 3430
• Professor: Althea Gordon

Document Summary

A strategic plan (design) is to describe the future and long-term direction that the business or company wants to go in as well as to go into performance targets in addition to target achievement approaches. There are a vast variety of models/approaches/ways to go about in development and implementing a strategy. Establishing the organization"s morals, beliefs, goal and direction. Organizations feel that it is very important to into the long-term and future direction that they want to go into. Businesses and companies need to formulate a vision statement. A vision statement is a concise, detailed, and thorough goal that is formulated and created in order to determine what the organization wants to achieve. A mission statement is when an organization wants to properly articulate their perspective of what they want to see them do in the future as well as long-term. This is the purpose of the company. This is the driving force of the organization.