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What does business strategy mean, and what is the role of business strategy in achieving business success? What is the purpose/aim of business? What is your definition of strategy? Explain and justify your choice, making explicit reference to previous research and/or your own experience. How did the meaning of strategy change over time for example, from shareholder capitalism to stakeholder capitalism? What factors influence these changes? How are strategic issues different from operational issues? What are the implications for managers? In your opinion, is strategy designed or emergent? Or is it (should it be) a mix of both?
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