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Part Two: Role Of Management In Improving Performance (P3) Task Three: Strategy is the path that an organisation chooses to pursue over the long-term and to help congregate a successful business manoeuvre, firms will use a composition of resources within a demanding situation that will eventually cater for the needs and wants of the market and to fulfil stakeholder expectations that that particular business operates in. Johnson and Scholes defines that a successful strategy employs efficient use of resources: "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"1 Resources within a business can be arranged into four categories which are as follows:> Financial Resources;> Human Resources;> Physical Resources and;> Technological Resources Financial Resources Financial resources concern the ability of the business to "finance" its chosen strategy. For...

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