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How does a business develop its strategic direction? , management homework help
- How does a business develop its strategic direction? What are the key inputs?
- When it comes to strategic planning, what is the role of stakeholders? Do they have a say in business decisions?
- What is strategic management and planning? Why would a strategic plan be important to the success of this business? Can a business survive without a strategic plan?
Chapter 1
4. When it comes to learning from mistakes, at what point to managers reprimand employees who consistently make mistakes?
5. Strategic management is a significant part of strategic planning. How often should a business overall strategic plan be reviewed? What are some of the trigger points that would suggest a change in current strategy?
6. When it comes to strategic planning, what is the difference in duration between short and longterm planning. What occurs at each phase?
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