What are the Key Components of Strategic Direction?
The key components of strategic direction include:
Vision Statement: A clear and compelling description of what the company wants to achieve in the long-term. Mission Statement: A statement that defines the company's purpose, core values, and primary objectives. Core Values: The fundamental beliefs and principles that guide the company's behavior and decision-making. Strategic Goals: Specific and measurable targets that the company aims to achieve within a certain timeframe. Action Plans: Detailed plans outlining the steps required to achieve the strategic goals.