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Strategic direction

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Strategic direction

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 22, 2016 at 10:14 pm #328440
    Muslim Farooque
    Member
    • Topics: 190
    • Replies: 134
    • ☆☆☆

    what is the difference between strategic direction strategy, competitive strategy and growth strategy, and what are the linkages between them , are all 3 part of strategic options?

    July 23, 2016 at 1:43 pm #328501
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10583
    • ☆☆☆☆☆

    Strategic direction just means your strategic plan or the course of action that leads to the achievement of the goals of an organization.

    Competitive strategy is how you compete eg price, innovation, style.

    Competitive strategy is part of your strategic direction.

    July 23, 2016 at 4:23 pm #328529
    Muslim Farooque
    Member
    • Topics: 190
    • Replies: 134
    • ☆☆☆

    Thanks alot for that sir, i wanted to know that then competitive strategy, growth strategy and strategic development are all part of possible strategic direction of the company and are in essence different strategies or they are one in the same

    July 24, 2016 at 12:57 pm #328615
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10583
    • ☆☆☆☆☆

    Yes, the same, more or less.

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    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Strategic direction’ is closed to new replies.

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