What is the most challenging aspect of strategic planning in your field of interest?

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Business Finance

Description

What have you experienced or what do you anticipate as the most challenging aspect of strategic planning in your field of interest? What do you think can be done to improve strategic planning processes in your own organization or field?

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Explanation & Answer

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Introduction.
Strategic planning is the practice in which an organization defines its strategy or direction
and acquires the necessary resources to make its policy a success. It is crucial for any
organization to have a strategic plan outlaying its vision. By having a strategic plan, an
organization acquires a sense of direction, and its goals are clearly defined. The plan is also
crucial during decision making, progress evaluation and in identifying the need to change tactics
for forward movement. A great strategic plan requires the in...


Anonymous
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