What is strategy and why is it important in business and not- for-profit organizations? What challenges do organizations face in trying to develop and implement a strategy? Do you think strategy is still a relevant concept in the modern competitive environment? Use examples to support your answer.
This question should be answered in essay format, with an introduction, body, and conclusion. There is no requirement for a table of contents for this assignment, but page numbers must be included. Examples are encouraged and should be used to support your answers.