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What are the main characteristics of strategic decisions?
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- 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 are the potential risks and challenges that organizations may face during the planning phase, and how can they mitigate them?What is the role of strategic planning in management, and how can organizations develop and implement effective strategic plans to achieve their goals and objectives?
- Explain the elements of strategic thinking (at least 4 elements) and their importance in a business decision and management to ensure effective organizations to sustain their performance and survive for long term.What steps should be maintained to recommend improvements within an organization's integrated planning and decision-making processes?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?