GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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only look at the one plan and focus on that
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look at the big picture and long term goals
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look at what other companies are doing
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make sure their mid level managers are not calling in sick
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Detailed explanation-1: -There are four main challenges when it comes to strategic planning: lack of ownership, poor communication, lack of alignment, and slow adoption. It’s important to understand what’s at the core of these challenges before we dive into solutions.
Detailed explanation-2: -Strategic Planning “It’s big picture, long-term thinking. It starts at the highest level with defining a mission and casting a vision.” Strategic planning includes a high-level overview of the entire business. It’s the foundational basis of the organization and will dictate long-term decisions.
Detailed explanation-3: -Tip #1 CEO commitment. Tip #2 Established company vision. Tip #3 Assemble the right team. Tip #4 Make sure the team has a solid understanding of the strategic planning process and terms and definitions. Tip #5 Get outta the office. More items
Detailed explanation-4: -Short termism. Ignoring external trends. Overconfidence based on existing success. Failure to respond to structural changes in the market. Failure to employ the best possible team. Failure to focus. Inability to foster belief in the strategy. More items