There are three processes that can contribute to establishment of strategy: 1- s

Question

There are three processes that can contribute to establishment of strategy: 1- strategic thinking 2- strategic planning 3- opportunistic depression making There are essentially three processes that can contribute to the establishment of a strategy: 1. Strategic thinking-creative, entrepreneurial insight into the ways the enterprise could develop. 2. Strategic planning -systematic, comprehensive analysis to develop a plan of action. 3. Opportunistic decision-making effective reaction to unexpected threats and opportunities

Explanation / Answer

Answer:

Zara: Zara is a Spanish company engaged in fast fashion retailer business in Arteixo Galicia. The company was founded in the year 1975. It is the main brand of the Inditex Group and it is also the world largest apparel retailer. It has clothing products for their retail business. It had around 2266 number of retails stores which are supporting the business.

Strategic Management Policies: The strategic management policies are designed in such a way that the strategic management for the organization is carried out adequately and the strategic decisions are taken on right time so that the future growth and expansion plan for the business are worked out on right time so that business will achieve the desired level in future of the organization.  

Similarly the strategic management policies is very important for the Zara Brand organization as it is a very large organization and strategic management is essential for future survival of the business.

There are three processes that can contribute to establishment of strategy:

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