week 1 DQ 3

Business & Finance
Tutor: None Selected Time limit: 1 Day

I know many small companies that don't have a strategic plan, and they are highly successful. Why should these companies invest the time into creating a strategic plan?

Jul 12th, 2015

Thank you for the opportunity to help you with your question! Hi, He observes that work expands so as to fill the time available for its completion.

hi, 

strategic plan is an important tool that companies need to have in place within their framework. companies should invest their time creating strategic plan because it enhances company growth and success in the sense that it provides companies with tools to track their growth,establishing growth and prepares them for any unforeseen changes within the market. companies should have strategic plan as it will provide a comprehensive process of determining what business the company should be involved in and how best the company could achieve its set objectives.

thank you.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 12th, 2015

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