Define strategic planning. Why has strategic planning become important to managers and their organisation? List and discuss the pitfalls to be avoided in strategic planning.
Answers
Answered by
5
Although there are many advantages to strategic management, such as reducing the resistance to change and promoting collaboration, there are also disadvantages. The strategic management process is complex, time consuming, and difficult to implement; it requires skillful planning in order to avoid pitfalls.
Answered by
3
Explanation:
Many firms do not engage in strategic planning and some firms do strategic planning that is poor and ill conceived.
Because an organization is always firefighting which means that is so embroiled in its internal problems, the top management does not have the time or the energy to engage in strategic management.
Similar questions