BNET Business Dictionary

Business Definition for: Strategic Goal

the overall goal of an organization in terms of its market position in the medium or long-term. A strategic goal forms part of an organization's corporate strategy, and should act as a motivating force as well as a measure of performance and achievement for those working in an organization.

Additional Resources

Winning Affinity Deals Is a Long-Term Strategic Goal for UK Personal General Insurance Competitor Fortis.: M2 PRESSWIRE-31 January 2008-Research and Markets: Winning Affinity Deals Is a Long-Term Strategic Goal for UK Personal General Insurance Competitor FortisC1994-2008 M2 COMMUNICATIONS LTD RDATE:01022008 Dublin - Research and Markets (http://www.researchandmarkets.com/reports/c81334) has announced the addition of Fortis: UK...; Tags: Fortis N.V.; Research articles 2008-01-31
UTEK Corporation and Gadot Biochemical Industries, Ltd. Announce Strategic Alliance: TAMPA, Fla. & HAIFA, Israel -- UTEK Corporation (AMEX:UTK) (LSE-AIM:UTK), a specialty finance company focused on technology transfer, and Gadot Biochemical Industries, Ltd. (TLV:GDBC.TA), a leading manufacturer of ingredients and fine chemicals for the food & beverage, cosmetic, detergent and pharmaceutical industries, are pleased to announce that they have signed...; Tags: UTEK Corp.; Research articles 2006-07-18
Implementing a Marketing Strategy: Choosing and implementing a rock-solid marketing strategy is probably the single most important factor contributing to the long-term sustainable success of any business venture. Yet, most businesses don't have one. Even businesses that do have a strategy often do not implement it one hundred percent. Small businesses that have the...; Tags: Marketing research, benefit, game, marketing, marketing strategy, sales, small business, strategy, vision, Web, Web site, BNET Editorial; Articles 2007-06-26
Management Discussion and Analysis: OPM's Strategic Plan 2002 - 2007 describes OPM's mission and establishes the strategic goals and management strategy the agency is following to fulfill this mission. For each strategic goal, OPM also established objectives that clarify and specify milestones, or outcomes, intrinsic to achieving the strategic goal. To achieve these strategic...; Tags: Personnel Management, Goal, Analysis, OPM, Advertising & Promotion, Marketing; White papers 2005-11-30
Linking Requirements Goal Modeling Techniques To Strategic e-Business Patterns And Best Practice: We propose that requirements for strategic-level IT systems for e-business can be linked to business strategy via techniques in goal modeling. We further propose that there exist repeating patterns of best practice in business strategy, which are based on recurring business models. These patterns have both direct and indirect implications...; Tags: University Of New South Wales, Pattern, Best Practice, Modeling, E-business, Business Strategy, Research & Development, Business Operations; White papers 2003-08-14

Alcoa Unveils Strategic Initiative to Develop Advanced Metallic Products for Current and Next-Generation Airliners.: July 7, 2003 - At the Paris Air Show last month, Alcoa unveiled a strategic development initiative aimed at redefining the cost and weight performance of advanced metallic structures, with the goal of helping aircraft manufacturers design and produce July 7, 2003 - At the Paris...; Tags: aircraft, Alcoa Inc., alloy; Research articles 2003-07-07
Developing Critical Skills & Competency Training for Strategic HR Recruiting Functions & Recruiters: A Step-by-Step Handbook for Optimizing Strategic HR Recruiting Performance: Optimizing HR recruiting productivity and performance requires aligning the daily activities to the company's core business competencies and strategy, while improving upon those skills that not only add value, but also enhances your ability to be viewed as a Strategic HR Recruiting Function and Recruiter in the eyes of every...; Tags: Hiring, Training, Competency, Recruitment & Selection, Human Resources, Workforce Management; White papers 2004-04-15
Strategic Planning for Family Businesses: The article starts with the definition of strategic planning. Simply put, strategic planning is creating a plan of action. A strategic plan describes how one can get the goal. It is about making decisions in the present for the future and usually involves a 3-5 year time frame. It is...; Tags: Key Resources, Strategic Planning, Strategy, Management; White papers 2003-01-01
Strategic Alliances Why Go It Alone?: A Strategic alliance is a cooperative arrangement between two or more companies where: a common business strategy and goals are established by all parties, each party shares specific strengths with the other, lending power to the venture, and resources, capital and risks are pooled for mutual gain. Most strategic alliances...; Tags: Strategic Alliance, Negotiation, Strategy, Management; White papers 2003-01-01
Open source for innovation.(Cascade, business management software by EADS Matra Datavision)(Brief Article)(Evaluation): On December 9, 1999, EADS Matra Datavision opened the source code for its application development environment, CASCADE, with the strategic goal of becoming the Linux of the CAD world. The strategy has been so successful that Open CASCADE is now a sep On December 9, 1999,...; Tags: business management, Cascade Corp., open source; Research articles 2001-06-01
A customer-conscious Xerox extends its global reach. (Xerox Corp.): Allaire documents plans for international growth Xerox Corp. is taking actions that it hopes will achieve the company's strategic goal of becoming the largest, most profitable supplier in the global document market. At the annual meeting of stockholdeAllaire documents plans for international growth Xerox Corp....; Tags: company, Xerox Corp.; Research articles 1992-06-01
Vintage Petroleum Announces Strategic Review of Its Canadian Assets: Energy Editors/Business Editors TULSA, Okla.--BUSINESS WIRE--May 17, 2004 Vintage Petroleum, Inc. (NYSE:VPI) announced today that, as a consequence of its recent management change and its stated goal of improving shareholder value and the execution of its growth strategy, it is examining strategic alternatives available with respect to its...; Tags: Vintage Petroleum Inc.; Research articles 2004-05-17
Venture gives in to Centrica takeover: Venture Production has grudgingly accepted defeat in its battle to thwart a £1.3bn takeover by Centrica, the UK's biggest -utility. Venture's board yesterday at last recommended that investors accept Centrica's 845p offer. Even so, the board, which holds 12.5 per cent of the stock, reiterated its belief that the price...; Tags: Centrica; News items 2009-08-26
How to Use a Strategic Alliance to Get Ahead: Whether you're looking to share risk, resources, or expertise, a strategic partner might be exactly what your company needs to grow and develop in ways that it couldn't on its own. The Three Stages of Strategic Alliances Source: Harvard Knowledgebase ...; Tags: BNET Editorial, Strategic Alliances, Business Structures, Management, Finance, Strategy, Partnership, Alliance, Strategic Alliance, Collaboration, Timberland Co., Starbucks Corp., Metrics; Articles 2008-06-20
Strategic Planning: Not Just For Big Business: Strategic planning has become a concept that is commonly suggested as the "Solution" to many business problems. Some days it appears that the chief product of many businesses is their strategic plan. Don't misunderstand me, strategic plans are wonderful when used appropriately, but they do need to be a tool...; Tags: Business, Small Business, Small Business Notes, Strategic Planning, Strategy, Management; White papers 2008-01-01
Planning & Policy Development : Organizational Goal Setting And Planning: An organization begins charting out its roadmap towards strategic planning by setting its long-term goals. The entire strategy is interwoven around these goals and enables fructification of the same. The organizational mission influences goal setting and planning. The paper discusses organizational goal setting and planning and examines the role of...; Tags: Northwestern University, Goal-setting, Operational Planning, Business Operations; Presentations 2003-01-01
Deriving Enterprise-Based Measures Using the Balanced Scorecard and Goal-Driven Measurement Techniques: This paper describes the synergistic application of the balanced scorecard and goal-driven measurement methodologies to develop measures and associated indicators for measuring an organization's health and performance. Through this iterative approach, an organization's strategic goals and subgoals are mapped to the balanced scorecard and refined. The goal-question-indicator-measurement methodology is then...; Tags: Technique, Indicator, Carnegie-Mellon University, Balanced Scorecard, Marketing, Marketing Research; White papers 2003-10-01
The Darker Side of Goal Setting: Why Goal Setting Fails...: Organizations often fail to achieve goals and strategic planning targets that are set top down, by executives who lack crucial information and are out of touch with staff challenges. The goals are unrealistic and they fail to consider organization resources and capabilities. Staff members don't believe that the rewards they...; Tags: Goal-setting, New York Times Co., Operational Planning, Business Operations; White papers
Basic Understanding Of Strategic Management: Website can do many things like provide information, generate sales, generate leads, and collect information for follow up. The goal determines the look, feel, and navigation strategy of the website. For instance, if your goal is to generate leads, then the website should focus on collecting contact information from visitors...; Tags: Goal, Web Site, Stanza, Web Site Development, Sales Strategy, Web Technology, Strategic Management, Strategy, Internet, Sales, Management; White papers 2007-08-04
Martlet Venture Management Announces Investment in Goal Media Group, Inc: MONTREAL--BUSINESS WIRE--Nov. 18, 1999-- (Alberta Stock Exchange:MVM.) Martlet Venture Management Ltd. announced today that it had made a strategic investment in Goal Media Group Inc. Goal Media Group owns and operates www.goalnetwork.com, the definitive online network for the world's billions of soccer fans, offering match results, news, exclusive...; Tags: B2C, Business Wire, E-business/E-commerce, FINANCE, INTERNET, Investment, IPO, president; Research articles 1999-11-18

Neighboring Terms

Click Here

Your Work The 7 Interview Questions You Must Ask

The 7 Interview Questions You Must Ask

Forget 'What are your strengths and weaknesses?' If you want to get the real dope on prospective employees, ask job candidates these seven questions.
Your Industry Chicken War: KFC Appears to Be Plucking El Pollo Loco

Chicken War: KFC Appears to Be Plucking El Pollo Loco

In the highly publicized chicken wars, KFC seems to be winning the financial battle over El Pollo Loco. But is it really fair to compare the smaller chain to Colonel Sanders' empire?
Your Money Dumbest Things You Do With Your Money

Dumbest Things You Do With Your Money

Even smart people make financial moves that are downright illogical. Emotions and superstitions have a sneaky way of keeping you from rational financial decisions. But dumb choices can have serious, real-world consequences. Here are some of the biggest blunders we all make, plus tips from the experts on how to keep cool.