One of the reasons that planning and strategic management are important is because they provide direction and momentum. Why are direction and momentum important? Can you give examples
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One of the reasons that planning and strategic management are important is because they provide direction and momentum. Why are direction and momentum important? Can you give examples (i.e., Amazon.com to Borders Books)?
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- What are the benefits of doing and utilizing strategic planning?Explain your answer.In your understanding,what are the benefits of doing and utilizing strategic planning?Explain your answer.2. Briefly explain the different types of planning. Which type do you think is the most crucial and why? Identify the strategic planning process.
- Discuss the notion of strategic planning being more formal versus informal in an organization. On a 1 to 10 scale from formal to informal, what number best represents your view of the most effective approach? Why?How can you apply the concepts of strategic planning to your own life such as getting for a job or a better job? Which, if any, of the strategic planning would not be applicable for you, and why?In this chapter, we talked about how firms do strategic, functional, and operational planning. Yet some firms seem to be successful without formal planning. Do you think planning is essential to a firm's success? How might planning hurt an organization? Under what cir- cumstances do you believe that formal planning is and is not important to an organization?
- What is the difference between the effectiveness of strategic planning and the effectiveness of strategic planning practices? Provide examples to support the points.Why is it important to begin the strategic planning process with an analysis of the current situation? What could happen if you don't begin with this step?Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning.
- What does Effective strategic planning require?Why is strategic planning essential/important to the managers?Suppose you have been appointed as the CMO (Chief Marketing Officer) of Walton Bd (the electronic giant of the country) and the management wants you to give a presentation on the strategies you will follow for minimizing the strategic planning gap of the company. So what strategies will you include in your presentation ? Relevant examples will be appreciated. *