Discuss,,,Why strategic planning is necessary for a business organisation ?
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Discuss,,,Why strategic planning is necessary for a business organisation ?
Step by step
Solved in 3 steps
- 1. What is strategic planning? Explain the role of models in strategic planning.What is a strategic business unit (SBU)? how doesstrategic planning differ at the corporate and the SBUlevels?What is the importance of strategic planning in an organization and how does it differ from other types of planning?
- 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?How does strategic planning differ from operational planning, and what are their respective roles in achieving organizational objectives?Why is there a need for strategic management model? Justify your answer