Describe the phases of the realization of a strategy

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Describe the phases of the realization of a strategy

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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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