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1. What is strategy? Why is long-term strategy important? What aspect of strategic formulation requires the most time? Why?
Support your personal experience answer with an article and cite accordingly.

2. How do values and the underlying organizational culture of an organization frame its response in the execution of strategic plans? Can an organization have an effective strategy and be operationally ineffective? Support your personal experience answer with an article and cite accordingly.

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What is strategy? Why is long-term strategy important? What aspect of strategic formulation requires the most time? Why?

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What is strategy? Why is long-term strategy important? What aspect of strategic formulation requires the most time? Why?
Support your personal experience answer with an article and cite accordingly.

Definition:

A company's overall plan of development. Corporate strategy can be more formally defined as a comprehensive plan or action orientation that identifies the critical direction and guides the allocation of resources of an entire organization. The strategy is typically a statement about what should be done to ensure prosperity based on the company's vision, values and mission. Besides a corporate strategy, each business unit of a large corporation may have its own strategic ...

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Sandeep Bardia, MBA
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  • MBA, Rochester Institute of Technology
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