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Strategy constitutes a major aspect of the contemporary Globalised Business Environment, concerning both the SMEs and the MNCs. Please focus on the concept of Strategy

Strategy constitutes a major aspect of the contemporary Globalised Business Environment, concerning both the SMEs and the MNCs. Please focus on the concept of Strategy by explaining its role, the benefits, the challenges for Managers, and the elements that affect the Strategy. Please develop your Critical Thinking by providing a real company example that has managed to develop a superior strategy, by explaining the particular elements.

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