For a business, does there always need to be a formally expressed strategy? Why?
Question:
For a business, does there always need to be a formally expressed strategy? Why?
Business Strategy
A business strategy is a long-term plan for the business on how to grow the business by handling competitors, pleasing customers, finding new markets, expanding existing markets, and lowering costs.
Answer and Explanation:
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View this answerAs with most aspects of a business, the formalizing of a strategy happens as a business grows. This point is when the strategy needs to be conveyed to...
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Implications of Business Strategy for Training
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Chapter 9 / Lesson 3
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Different businesses strategies, which plan out how to achieve company goals, have unique implications for the training of employees. Explore the impact of different types of business strategies on training and tips to keep training relevant and aligned with goals.
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