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It is not possible to formulate or implement any accurate strategies without prioritizing strategy planning because strategies call for management. Therefore strategies are basically scheming plans which can be implemented to enlarge the value of a company or face a looming challenge. There is one thing that you know and that is that in strategy management there are two steps and these are mentioned below:
In this step the main priority is analyzing and gauging the condition of the market forces and accordingly designing the strategy which will work in the favor of the company. A company to earn advantage of competitiveness over other companies in the market always needs the help of a sound strategy.
This is considered to be the second stage where the strategy that has been formulated is implemented keeping in mind the goals of the organization and integrating the resources to achieve it. This stage helps to evaluate the progress of the company by testing the strategies practically, that have been formulated.
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