Important factors to consider in strategizing
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Strategising involves a firm considering another way of conducting its business. Choi et al (292) write that in almost all business ventures, strategising is an important aspect. The difference betwee... n a successful firm and others may be the strategies that they adopt. Successful firms always consider alternate approaches to make them more successful in the future (Choi et al.). Though many businesses do consider having clear strategies to guide them into the future, others do not have clear strategies and there is a need by all to adopt good strategies. A good strategic plan can help a firm overcome challenge that originates from lack of a clear strategy. The paper will explore the important factors that a firm should consider when strategizing together with a view on the counterarguments those against good planning have. [Show More]
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