Question
Importance of strategy updates: Analyze the importance of updating a company's strategy to remain competitive in the market. Use examples of firms that failed to
Importance of strategy updates: Analyze the importance of updating a company's strategy to remain competitive in the market. Use examples of firms that failed to update their strategy and lost market share. (2-3 slides)
Frequency of updates: Evaluate how frequently a company should update its strategy to stay competitive. Consider factors such as market changes, technological advancements, and shifting consumer preferences. (2 slides)
Strategy development process: Describe the steps a company should follow when updating its strategy. These may include performing a SWOT analysis, defining goals and objectives, and developing an action plan. (3-4 slides)
Conclusion: Sum up your main points and offer concluding thoughts. You may also include a call to act
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