Describe the phases of the realization of a strategy
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Describe the phases of the realization of a strategy
Expert Solution
Step 1
Strategy
- These refer to the organization's policies and procedures that have been determined to ensure that proper action is taken on matters relating to great concern in the organization such as resources, recruitment, etc.
Business Strategy
- A company strategy is a management blueprint that accomplishes a specified set of goals and objectives. These strategies should be focused on the overall organizational message and be prepared. There should be room for error in business plans so that companies can weather storms and protect against competitive or environmental risks.
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