ENTREPRENEURSHIP

Detailed explanation-1: -Definition of Strategy and Strategy Development Strategy development is the process of researching and identifying strategic options, selecting the most promising and deciding how resources will be allocated across the organisation to achieve objectives.

Detailed explanation-2: -When it comes to strategic planning, senior leaders and managers-such as the CEO, executive team, and board of directors-set the early stages in motion by determining their organization’s vision and the guiding principles behind its mission, ethos, and operational goals.

Detailed explanation-3: -A strong business development strategy is the roadmap that instructs your team how to find and generate high-value leads to support your long-term goals. Without a strategy, your team may struggle to find qualifying prospects or, at worst, spend months developing a relationship with prospects who don’t convert.