If flat organizations are agile due to fast paced changing environmental factors, why do they still need to do strategic planning?
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- Why is strategic management important for organizations? Can an organization be successful without a strategic plan? Why or why not?How can organizations ensure that their plans remain flexible and adaptable in the face of changing circumstances or unexpected events?How can organizations foster a culture of planning and ensure that planning becomes an integral part of their operations?
- What dangers does a company face if it focuses only on tactical decisions?If the strategic goal of your organization is the improvement of its profitability, what routine tasks could be included in your operational planing?How does an organization enhance its agility? When is more agility needed in the firm?
- What are the potential challenges or obstacles that organizations may face when implementing their plans?What are various steps in decision-making? Discuss each step in detail keeping in view a hypothetical business plan in mind.Assuming that you own a computer shop, you have a good plan in your mind that you want to implement that can benefits your business. How can your plan/strategy convert into action? Can you explain the step-by-step process?
- What are the ethical considerations that organizations should keep in mind when developing and executing their plans?What does an organization need to know about itself before creating a strategic plan?What are the potential risks and uncertainties associated with planning, and how can organizations mitigate these risks through contingency planning and risk management strategies?