Business Strategy 2 Essay Example | Topics and Well Written Essays - 2500 words

Business Strategy 2 - Essay Example agency Statement Mission narration is a statement which is used to describe why the organization exists and to rationalize what the caller-up does to achieve the vision. The mission of a ships company is the one which changes as the organization develops. An example of such a statement is that of Wipro, which reads, Our mission is to be a RF System Solution Provider, through its mod research and design works for a new world of broadband wireless communications (Wipro Techno, 2010). The statement of company highlights its working towards the vision that has been set down by the company.Vision The vision of a company can be defined as the intended future that the company aims at reaching. This is a vast term view and is the basis for all the planning of the organization. An excellent example of this is the vision of Wipro which reads, Contribute for orbicular e-society, where a wide range of information is being exchanged beyond time and spac e over global networks, which breaks down the boundaries among countries, regions and cultures, allowing individuals to take part in various social activities in an impartial, secure way. Continous attempt to enhance peoples lifestyle and quality by means of developing new engine room in wireless communication (Wipro Techno, 2010).Core Competencies The core competencies of an organization are the basic knowledge, abilities and skills that a company possess. This helps in classifying the organizations and to learn what the organization is best at doing. For the example of Wipro, as explained by the President and coo for Wipro Infocrossing, Sameer Kishore, IT infrastructure management is our core competency and we will bring a well-proven data center transmutation and managed services methodology to help CSG meet its goals (Wipro Corporate, 2010).Strategic Approach The strategic approach used by Wipro is one which is goal