BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Define how to develop a strategy.
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You do not develop strategy; you develop action plans.
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You look at all the other competitors and the economy.
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Take all the pieces of information it found during its environmental scan and begins to assemble a strategy that will help them go where they want to go
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List out the important areas you need to address, and then discuss them with team members.
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Explanation:
Detailed explanation-1: -Strategy formulation is the process by which an organization chooses the most appropriate courses of action to achieve its defined goals. This process is essential to an organization’s success because it provides a framework for the actions that will lead to the anticipated results.
There is 1 question to complete.