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â€œTeams and groups are essential to strategy formulation and implementationâ€. Please discuss with reference to the literature. Strategic Management brings together the goals of the business in unison with the environment it competes in. Formulation and implementation of these goals using the companyâ€™s resources is key to the strategic Management concept. An essential part of a companyâ€™s resources is its teams and groups. Management can steer teams and groups in a meaningful way to achieve the goals of the business.
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