What Are the Steps in the Development of Good Strategy

question 19

Essay

What are the steps in the development of good strategy?

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Definitions:

Miller-Orr Model

A finance model that helps in managing cash flows and cash reserves in a business efficiently.

Cash Flows

The aggregate quantity of cash flowing both in and out of a corporation, impacting its liquid assets.

Target Balance

A predetermined amount of money that a company or individual aims to have in an account at any given time.

Minimum Balance

The least amount of money that a bank requires a customer to have in an account to qualify for specific services or to avoid certain fees.