3.10.4 Problems with statewide and why strategies fail Flashcards
what is the external environment
PESTEL factors which influence a buisness but which are outside of controle
what is a planned strategy
a plan with a carefully layed plan
what is an emergent strategy
a strategy which is unplanned and develops over time
what is strategic drift
buissness respond to slowly to changes in its external environment with the result of the strategic plan no longer working
what is divorce of ownership?
when the owners don’t male the day to day decisions
what is corporate governance
sett of systems, rules principles and processes that ensure that an organisation is directed and controlled in the best interest of all stakeholders
what is contingency planning
planning for the unexpected (plan a plan b plan c ect)
what is strategy evaluation
a way to determine the effectiveness of a strategy
