2. Strategy

• projects are a major role in creating value for a company

• Often large number of projects carried out simultaneously

• lack of competence to realize successful projects

Corporate strategy

Corporate strategy is a big plan that a company makes to achieve its goals. This plan includes important decisions about what type of business the company is in or wants to be in.

Strategic management

Strategic management is a process that helps companies figure out what they are now, what they want to become, and how they will get there. This involves creating a plan (strategy) that considers the company's strengths and weaknesses, the opportunities and risks of the environment, and the values of the management. A good strategy aims to align the company with its environment and achieve its goals.

Chatgpt:

Vision: The long-term, aspirational statement that defines a company's purpose and what it hopes to achieve in the future.

Mission: The concise statement that outlines a company's overall purpose, including what it does, who it serves, and how it operates.

Strategy: The plan of action that outlines how a company will achieve its goals, including the specific tactics and resources it will use to execute its mission and vision.

Relationship: Vision, mission, and strategy are interrelated components that guide a company's decision-making and provide a framework for its operations, with the vision providing the overall direction, the mission outlining the company's purpose, and the strategy detailing the steps to achieve both.

Model:

Examples:

Don’t learn this by heart, just where projects sit in the bigger picture of a coporate enviroment.