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Therefore, a manageable set of the most attractive strategies must be developed. The advantages, disadvantages, trade-offs, costs and benefits of these strategies should be determined.
Identifying and evaluating alternative strategies should involve many of the managers and employees who earlier assembled the organizational vision and mission statement, performed external environment assessment, and conducted internal environment assessment. The firm should try to involve representatives from every department and division. This involvement provides the firm with the best opportunity to gain an understanding of what the firm is doing and why, and to become committed to helping form accomplish its objectives...
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