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This is where the operations side of the business is really put to the test and the planning of the strategy becomes essential. The last step is to determine how the process went and how the implementation of the strategy went throughout the company. This is where management and the authors of the strategy make needed changes throughout their company. Starbucks has a clearly outlined mission statement and principles however they don’t have a strong way of measuring their strategy in regards to a couple of their strategies.
Porter’s five generic strategies
The five generic strategies are strategies that are enhanced depending on the needs of the company however they are the five standard ways to try and create a competitive edge...
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