A strategy is a broad plan developed by an organization to take it from where it is to where it wants to be. A well-designed strategy will help an organization reach its maximum level of effectiveness in reaching its goals while constantly allowing it to monitor its environment to adapt the strategy as necessary. Strategy formulation is the process of developing the strategy
Strategy formulation requires a series of steps performed in sequential order. The steps must be taken in order because they build upon one another. ... For example, you will pay attention to what your competition is doing and make adjustments to your strategic plan as necessary throughout the process.
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Answer:
A strategy is a broad plan developed by an organization to take it from where it is to where it wants to be. A well-designed strategy will help an organization reach its maximum level of effectiveness in reaching its goals while constantly allowing it to monitor its environment to adapt the strategy as necessary. Strategy formulation is the process of developing the strategy
Answer:
Strategy formulation requires a series of steps performed in sequential order. The steps must be taken in order because they build upon one another. ... For example, you will pay attention to what your competition is doing and make adjustments to your strategic plan as necessary throughout the process.