Business Strategy Formulation Includes Which of the Following Elements

However the implementation aspect of strategy has attracted relatively less scholarly interest than strategic planning despite its critical role in achieving performance outcomes. To achieve their business objectives hospitality and tourism organizations need effective implementation as well as consistent strategy formulation.

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This is an element that is concerned with the changes that are going on in the environment and how the changes are going to affect the activities of the organization.

. Strategy analysis is usually concerned with understanding the organizations strategic position.

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