what are the strategy for development?
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Strategy development is the process of researching and identifying strategic options, selecting the most promising and deciding how resources will be allocated across the organisation to achieve objectives.
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The strategy identifies not only the company's goals, such as revenue or profits, but also how it plans to achieve them. Four generic alternatives include market penetration, market development, product development and diversification.
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['Development is Continuous.', 'Development is Gradual.', 'Development is Sequential.', 'Rate of Development Varies Person to Person.', 'Development Proceeds from General to Specific.', 'Most Traits are Correlated in Development.', 'Growth and Development is a Product of Both Heredity and Environment.', 'Development is Predictable.']
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['Identify and define the problem. You must clearly define the problem before you can solve it. ... ', 'Gather and analyze information. You must have accurate information to solve issues appropriately. ... ', 'Development alternative solutions. ... ', 'Choose the best alternative. ... ', 'Take action. ... ', 'Evaluate the decision.']
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['Define objectives. The first, and most crucial, step in the planning process is to determine what is to be accomplished during the planning period. ... ', 'Develop premises. ... ', 'Evaluate alternatives. ... ', 'Identify resources. ... ', 'Plan and implement tasks. ... ', 'Determine tracking and evaluation methods.']
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['goal and scope,', 'inventory analysis,', 'impact assessment.', 'and interpretation.']
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Characteristics of Development: (i) What may be development for one may not be development for the others. (ii) For development, people look at mix goals. (iii) Income is the most important component of development, but along with income, people also seek equal treatment, good health, peace and security, etc.
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Strategies to deal with rural development should take into consideration the remoteness and potentials in rural areas and provide targeted differentiated approaches. ... A healthy and dynamic agricultural sector is an important foundation of rural development, generating strong linkages to other economic sectors.
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Strategic Plan. Business development is the practice of identifying, attracting, and acquiring new business to further your company's revenue and growth goals. How you achieve these goals is sometimes referred to as a business development strategy — and it applies to and benefits everyone at your company.
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Strategies. Strategies are the means by which long-term objectives will be achieved. Business strategies may include geographic expansion, diversification, acquisition, product development, market penetration, retrenchment, divestiture, liquidation, and joint venture.
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['Competitive Strategy:', 'Corporate Strategy:', 'Business Strategy:', 'Functional Strategy:', 'Operating Strategy:']
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['Cost Differentiation Strategy. This strategy is all about pricing your product right. ... ', 'Product Differentiation Strategy. In this strategy, you have the leverage to keep the prices that you deem necessary. ... ', 'Growth Strategy. This strategy comes into picture when the business is doing well yet the revenues are static.']
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["Budget Allocation. The strategy should include the organization's approach to allocating compensation dollars into salary and benefits. ... ", 'Develop Salary Ranges. ... ', 'Salary Audits. ... ', 'Benefit Package. ... ', 'Performance Management System. ... ', 'Legal Compliance. ... ', 'Structured Administration.']
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['Assess your current workforce. ... ', 'Create employee development plans. ... ', 'Create a succession plan. ... ', 'Perform a gap analysis. ... ', 'Decide if/how to increase resources for the future.']
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['Meeting stakeholder needs.', 'Covering the enterprise end to end.', 'Applying a single integrated framework.', 'Enabling a holistic approach.', 'Separating governance from management.']
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['Develop objectives.', 'Develop tasks to meet those objectives.', 'Determine resources needed to implement tasks.', 'Create a timeline.', 'Determine tracking and assessment method.', 'Finalize plan.', 'Distribute to all involved in the process.']
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['Product. It may be obvious, but the first step to developing a strong product marketing strategy is making sure you have a strong product. ... ', 'Audience. ... ', 'Messaging. ... ', 'People. ... ', 'Promotion. ... ', 'Analysis.']