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... Management ...On the other hand there are also those approaches that are conceptual in nature such as policy, stakeholder, issue management, and adaptive approaches. The process of strategy implementation can be divided into various phases: understand history, explore the situation, uncover issues, identify strategy, assess feasibility, and implement strategic change. Finally the differences in strategic management between private and public sector organizations can be mapped along three dimensions: value generation, resource allocation, and accountability and trust.
A strategy is a mechanism through which an entity differentiates itself in a competitive arena. In nearly every industry...