Strategy refers to the basic goals and objectives of the organisation, the major programmes of action chosen to reach these goals and objectives and major pattern of resource allocation used to relate the organisation to its environment. According to Chandler, "Strategy is the determination of the basic long-term goals and objectives of an enterprise and the adoption of courses of [...]
Strategic change is the implementation of new strategies that involve substantive changes beyond the normal routines of the organization. There may be slow change where change is introduced gradually in small incremental steps, so that the roles of managers and a slight change in tasks for other employees, sudden organizational change will encounter more resistance however carefully it is handled, [...]
Financial strategy of an organisation is essentially concerned with procurement and utilization of funds. The basic purpose is to ensure adequate and regular supply of funds fulfilling the present and future requirements of the business enterprise. Financial strategy deals with areas such as financial resources, analysis of cost structure, estimating profit potential, accounting functions and so on. In short, financial [...]