Johnson, G., Scholes, K., & Whittington, (2011) Exploring Strategy**, 9th ed, Harlow: Prentice-Hall Chapter 1: Introducing Strategy I: What is strategy? * Strategy is the long-term direction of an organization a) Defining strategy Defining strategy as the long-term direction of an organization implies a more comprehensive view than some influential definitions. 1. Chandler emphasizes a logical flow from the determination of goals and objectives to the allocation of resources…
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