Copy and paste the three prompts below into the Completion field and respond to each one to show your understanding of strategy formulation concepts.
- 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.
- What is “value creation”? Why is it important to every organization?
- A good strategy should include finding ways to avoid competition. How would you do that?
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3.1 Strategy Formulation
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