BUA 450 Business Policy and Strategic Planning
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The BUA 450 Business Policy and Strategic Planning course is basically the assessment of business enterprise as a total system in a total environment. The course covers the analysis and evaluation of the problems, opportunities, and ethical responsibilities which are basically faced by a chief executive. The course mainly concentrates on the formulation and implementation of diverse strategies, all along with the extensive utilization of case problem analysis.
A business strategy defines the scope or area in which subordinates in an organization can make decisions. This allows lower-level managers to solve problems without consulting with upper-level managers every time to make decisions.
A business strategy is a guideline set by an organization to manage its behaviour. They define the limits of decisions that need to be made. The business strategy also involves the acquisition of resources that can achieve the goals of the organization. Business strategy is the study of the roles and responsibilities of senior managers, the main issues that affect the organization's success, and the long-term decisions that affect the organization.
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