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Strategy Formulation” Please respond to the following:
Select one of the three steps in the strategy formulation process and explain how it can be operationalized to creating a strategy for a newly established rental property company, drug store, or manufacturing plant.
Create a sample human resource strategy that aligns with the following business strategy: “A satisfied customer is the best business strategy of all.”
Strategy formation= coordinated choices and actions, competitive business strategy
steps= gathering info, analyzing info & making decisions
Strategies= 1competitive strategy, 2cost leadership strategy, 3 common human resource strategies
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