Strategy Development

Strategy development is undertaken in order to formalise a particular policy stance and institutionalise a strategic plan towards stimulating growth and development within the economy, a particular sector or even sub-industry.

As such, strategies can be broad and cross-sectoral such as the KZN Provincial Growth and Development Strategy, or specific to a sub-industry such as the KZN Integrated Maritime Industry Development Strategy.

Development of a strategy requires utilisation of techniques such as market research, value chain analysis, global and local best practice and benchmarking analysis, SWOT analysis, workshops and focus groups, implementation planning, and monitoring and evaluation (M&E).

 

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