"Strategy is synonymous with policies".

In strategic management, the terms "strategy" and "policy" are often used interchangeably, but they are distinct concepts that operate within different contexts and levels of an organization. Strategy is a long-term plan of action designed to achieve a particular goal or set of objectives. It is dynamic, forward-looking, _________ ________ _________ ___ _______ __________ ______ _________ _________ _________ ___.
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