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Essay Details:
Essay text:
The logical explanation behind it is lack of understanding of the important factors that may cause modifications in the planning systems itself. Normally, managers are given a standard strategic planning “package” and are asked to implement it.
What will be the impact to a company if the strategist of that company forget to plan or to be precise do what we call a strategic planning? Perhaps they think that planning is not important in running their business? Among the reasons for poor or no strategic planning are as follows2:-
- poor reward structures
- fire fighting
- waste of time
- too expensive
- laziness
- content with success
- fear of failure
- overconfidence
- prior bad experience
- self-interest
- fear of unknown
- honest difference of opinion
- suspicion
AN ART?
For some people planning is an art...
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Common topics in this essay:
- ‘All multinationals that conduct strategic planning go through a three-step process: formulation, implementation and control’
- Compare and contrast the strategies of war planning and business planning. What internal (micro) and external (macro) environmental factors or forces are considered important for the success of planning in business and war?
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