Developing Business Strategy

Since now we discussed about developing our business strategy, i thought of writing something
about the process.

"Strategy is the direction and scope of an organisation over the long-term: which achieves
advantage for the organisation through its configuration of resources within a challenging
environment, to meet the needs of markets and to fulfil stakeholder expectations".(Johnson
and Scholes )

The basic things needed to be taken under consideration while developing our project are:

1. What is the ultimate output of the project os where is it heading for the long term? Will
the project still will be this effective as it is now?
2. Who are our competitors and in which marekt should we compute for this.
3. Do we have the sufficient resources for developing our project? (Technical
competence,facilities, skills, money etc).
4.What are the factors that might effect our project?
5. Evaluate the risks.

Those are the basic points that we need to think about our project.I hope we will be able to
work effeciently on our business strategy.