Question

Factors in india are responsible for growing importance of strategy

Answer 1

Thank you for this question. Please find the answer below: 

The factors in India that are responsible for growing importance of strategy are the following;

(i) Competition in Market: In order to compete in the competitive domestic and international market, it is important to create strategy. 

(ii) Laws of the Government: There are laws that make the formation of strategy compulsory in some circumstances. 

(iii) Corporate Social Responsibility: Formation of the strategy is an important part of the corporate sector, hence it becomes a necessity.