Explain why a company's strategy cannot be completely planned out in advance and why crafting a company's strategy cannot be a one-time, once-and-for-all managerial exercise. Identify at least 3 factors that account for why company strategies evolve.
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- What are the strategic issues of the not-for-profit organization and why strategic management is important to them? How does strategic management differ in for-profit and non-profit organizations?What are the components of understanding strategy and success, and why are they important?Discuss five (5) factors that differentiate strategy formulation from implementation.
- What are the strengths and weaknesses of these two types of corporate-level strategies?How does the theory of strategic management guide organizations in achieving long-term goals?Why is strategic management important for organizations? Can an organization be successful without a strategic plan? Why or why not?
- In management.. How does strategic direction influence partnerships and alliances with other organizations?What are the differences between "incremental" and "revolutionary" strategies, as well as "intended" and "actual" strategies? Do you think one is more valuable than the other? If so, why? Have you considered what the barriers to strategic planning are? What might those challenges be in your sphere? How can an organization overcome barriers to strategic planning?What does an strategic perspective do for an organization?
- Examine the influence of political, economic, social, and technological (PEST) factors on management practices. How do external forces shape an organization's strategic decisions and day-to-day operations?1.why is it important to study strategic management and how does it effect the business organization? DiscussWhat are the three levels of planning, and what kinds of plans do managers develop at each level?