Strategy refers to a plan of action designed to achieve a particular goal or set of objectives. It involves a clear understanding of the current situation, the desired future state, and the steps necessary to bridge the gap between the two. Here are key elements often associated with strategy: 1. **Goals and Objectives**: Clearly defined goals that organizations or individuals aim to achieve. 2. **Analysis**: Understanding the internal and external environments, including strengths, weaknesses, opportunities, and threats (SWOT analysis).
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