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Write a simple introduction to Organizing Provided that the statement contains a brief discussion of the organization taken from the principles of the management approach

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Peter and his team are now prepared to proceed with finalizing theirbusiness plan to launch their company. Considering how competitive the business sector istoday, it is important that they are aware of their alternative organizational strategies. It isalso important that they understand how to develop a sustainable competitive advantage, soas to remain financially viable. The group is considering utilizing the strategy formulationframework to aid in developing the company and its products. Further to discussion with theStrategic Consultant, Peter is aware that there are certain habits that strategic leaders mustencompass but is not sure what they are. 1. Develop a strategic vision and mission for the business. 2 Compose three (3) financial andthree (3) strategic objectives for the business. 3. Discuss three (3) habits of a strategicleader which are important to business strategy
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3 Draw a simple organization chart for your organization.
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