3.1 Strategy Formulation

Copy and paste the three prompts below into the Completion field and respond to each one to show your understanding of strategy formulation concepts.

1. Which of the steps discussed in the “7 Steps to Successful Strategy & Implementation” video do you believe is most important? Provide a rationale for your answer. 
2. What is “value creation”? Why is it important to every organization?
3. A good strategy should include finding ways to avoid competition. How would you do that?

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