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Components of Strategy
Strategy has four basic components:Scope: which refers to the position the firm wants to have in relation to its environment.
Resource deployment indicates how the organization intends to allocate resources.
Competitive advantage is the specification of what advantage(s) the firm holds relative to competitors and
Synergy is the extent to which various businesses within the firm can expect to draw on one another.
C ontrol charts Control charts are tools used for monitoring, controlling and improving processes over time. These are applicable to administrative processes.
Read the BEC case study on pages 126–129 of the textbook, and perform the following tasks: Create a feasibility report for the project in a Word document. Create
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