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Tag - The Components of a Strategic Plan

Understanding Strategic Planning

What is Strategy? Strategy means consciously choosing to be clear about your company's direction in relation to what's happening in the dynamic environment. The fine points of strategy are as follows: Establishes unique value proposition compared to your competitors Executed through operations that provide different and tailored value to customers Focuses on activities that fit together and reinforce each other Drives continual improvement within the organization and moves it toward its vision A strategic plan is the formalized roadmap that describes how your company executes the [...]