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- Framing Strategic Risk and the Calf Retention Decision
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A BUSINESS STRATEGY is a plan of action designed to achieve specific goals and objectives using available resources. For most businesses, profitability is a primary objective. When a farm or ranch develops a business strategy to increase profits, it creates a roadmap that informs future decisions for financial success. But when does a business strategy become a risk? At first glance, this may seem like a trivial question . . .
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