Important in business and not-for-profit organisations

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1. What is strategy and why is it important in business and not-for-profit organisations? What challenges do organisations face in trying to develop and implement a strategy? Do you think a strategy is still a relevant concept in the modern competitive environment? Use examples to support your answer.

2. In the text book, Managing Talent Retention: Roi Approach copyright 2009, described "A System Approach" to talent management. How is this approach different from traditional human resources management? Why is this approach likely to become more critical for organizational success in the future? This may require some additional research.

Reference no: EM132206237

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