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1 year ago

What are reasons why strategic planning may not occur sequentially?

Business

1 answer:

olga nikolaevna [1]1 year ago

5 0

There are several reasons why strategic planning may not take place in order:

When conducting a situation analysis makes it necessary to update the mission statement
When there are insufficient resources to allow the execution plan to proceed
When fresh strategic chances present themselves

Strategic planning is a process carried out by an organization to determine strategy or direction, and make decisions to allocate its resources (including capital and human resources) to achieve this strategy. Strategic planning is a management tool used to manage current conditions to project conditions in the future, so strategic plans are a guide that organizations can use from current conditions to work towards the next 5 to 10 years.

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