Discuss ,What are the pitfalls in strategic planning that management in an organization should watch out or avoid ?
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Step by step
Solved in 2 steps
- How do the internal and external environments of the organization and its strengths and weaknesses impact the planning process?What is the importance of strategic planning in an organization and how does it differ from other types of planning?What are the most important factors to consider when developing and implementing a strategic plan for an organization, and how can these factors be balanced against each other?
- How does the theory of strategic management guide organizations in achieving long-term goals?What are the potential risks and uncertainties that may arise during the implementation of a strategic plan, and how can managers plan for and mitigate these risks?What is the importance of strategic planning in an organization?
- How do organizations address potential conflicts and trade-offs during the management planning process?How does the planning process in an organization ensure alignment between the strategic objectives and the operational goals, and how can managers effectively bridge the gap between the two?What is the importance of strategic management?