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Right man for the right job will help greatly to formulate the strategy. It paves way to set clear corporate goals and values and allow them to be understood and absorbed before empowering managers to take decisions. Strategies are vital for an organization to grow. Strategic management process consists of determination of mission and objectives of the organization in the light of its unique strength and weaknesses and assessment of opportunities and threats. In all the concepts of strategy, the purposes, missions, objectives, goals and major action plans and policies are emphatically exercised to make it an empire with excellence.
