How is a business strategy developed


Essay Problem

Read Chapter 4 of your textbook Essentials of Management (10th edition) and write a 1,000-word essay that covers the following topics:

• Describe the general framework for planning, why is it important?
• How is a business strategy developed?
• Describe the SWOT analysis, what is it used for?
• Explain the terms: Operating plans, policies, procedures, and rules.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Business Management: How is a business strategy developed
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