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Mgt 578 Simulation Reflection Paper Essay Preview: Mgt 578 Simulation Reflection Paper Report this essay Simulation Reflection Paper Schiobhan Hopkins MGT 578 – Strategy Formulation and Implementation Rodney Klein February 14, 2006 Thinking Strategically According to the Thinking Strategically simulation, “Strategy, in business, is the combination of foresight, planning, and decision-making that prepares an enterprise.