Strategy guides a company's longterm direction from "summary" of The Business Book by DK
A company's long-term direction is like a compass guiding its journey through the ever-changing landscape of the business world. Strategy is the map that helps chart a course towards the desired destination, taking into account the company's goals, resources, and competitive environment. It provides a framework for decision-making and a roadmap for allocating resources effectively. A well-defined strategy not only helps a company navigate the challenges and opportunities that lie ahead but also ensures that everyone in the organization is moving in the same direction. It aligns the efforts of different departments and functions towards a common goal, fostering a sense of unity and purpose among employees. In addition to providing direction, strat...
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