A strategy is formulated after looking at an organization's strengths and weaknesses as well as those of its competitors.

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A strategy is typically developed based on an analysis of an organization's internal strengths and weaknesses, as well as external opportunities and threats, in order to identify a competitive advantage and achieve organizational goals. This includes an assessment of the organization's competitors and their strengths and weaknesses in order to develop a strategy that can effectively compete in the market.

A Strategy Is Formulated After Looking at an Organization's Strengths