What is strategy fugfyh

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Accepted Answer

Strategy is a plan of action designed to achieve a long-term or overall aim.

Strategy involves setting goals and objectives, analyzing the current situation, and determining the best course of action to achieve those goals.
It requires making decisions about resource allocation, identifying potential risks and opportunities, and developing tactics to execute the plan.
Examples of strategies include market penetration, product development, diversification, and cost leadership.
Effective strategy requires ongoing evaluation and adjustment based on changing circumstances and feedback.
Ultimately, the goal of strategy is to create a sustainable competitive advantage and achieve success in the marketplace.

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