THE VALUE OF STRATEGIC PLANNING

Question 1

What is the value of strategic planning

Answer 1

Clarifies the goals that the organisation is working towards

The process encourages systematic collection of data on both the internal and external environment

Needs to be communicates: Need be broken down into component parts, need to be clearly explained, need to be justified

Motivational

Encourages review and flexibility

Question 2

LOOK AT THE SECOND IMAGE

Answer 2

https://docs.google.com/document/d/1_QOAm92tTjgtUrDr5usmnptX7CJ6-DPzr0rzsq-kNUM/edit

Question 3

What is the optimum strategy

Answer 3

The optimum strategy is between the planned strategy and adapting the strategy - Better than a planned strategy, as by sticking to a planned strategy, you’re not adjusting to the changing factors

Question 4

To what extent does strategic planning guarantee the achievement of corporate objectives:

Answer 4

Noes not guarantee the achievement of corporate objectives, but makes strategic drift less likely, and the emergent strategy more likely to be achieved.