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Essay Details:
Essay text:
Discuss.
Every organisation that plans to expand and grow worldwide would need to carry out strategic planning to determine where they are going over the next year or more, how their going to get there and how will they know if they are there.
There are three steps that an organisation must consider and go through to carry out an effective strategic plan, these are:
• Strategic formulation
• Strategic implementation
• Strategic control and evaluation
Strategy Formulation
For a multinational organisation, strategy formulation identifies environmental and internal strengths to establish its goals and the strategic plan that will lead to the achievement of those goals...
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