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What Are the Four Basic Components of Strategy Development? Explain

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What are the four basic components of strategy development? Explain the meaning of each component.


Definitions:

Leadership

The act of guiding or directing a group towards achieving a common goal, often involving strategic planning, motivation, and management of resources.

Predict

The ability to accurately forecast future events or trends based on current or past information.

Diverse Work Force

An employment group that consists of members from varied backgrounds, ethnicities, ages, genders, and other demographic variables.

Supervising

Involves overseeing and directing the work and activities of others, ensuring tasks are completed effectively and efficiently.

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