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Analyze the importance of each element of a business strategy and how the execution of the strategy can bring about further growth for the company. In addition, discuss the competitive advantage aspect in relation to the business strategy of the organization. Provide an example of a retail business that competes in a higher competitive global economical market and discuss how its business strategy has led to its competitive advantage.
Provide an example of a successful retail business that competes on the global economic market. How has this led to its competitive advantage?
Provide specific examples to support the points.
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