Strategic issues have several key dimensions. Briefly describe any five of them
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Strategic issues have several key dimensions. Briefly describe any five of them
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- Strategic decision making can take place at various levels of an organization, what are the three most common? a. Operational, board and industrially b. Board of Directors, Chief Executive and Junior Management c. Governmental, locally and individually d. Corporate, Business, and FunctionalDefine what is meant by strategic issues and why are they important in developing a strategic plan?What are the strategic planning time frames? How do they work together?
- How does the strategic planning process inform itself?Explain the elements of strategic thinking (at least 4 elements) and their importance in a business decision and management to ensure effective organizations to sustain their performance and survive for long term.Why scenario planning is one of the most useful tools in strategic management and organization development?
- What are the most important factors to consider when developing and implementing a strategic plan for an organization, and how can these factors be balanced against each other?How do managers develop strategic plans, and what factors do they consider when evaluating the external and internal environment of the organization? Discuss the key components of a strategic plan, and describe the potential benefits and drawbacks of different strategic planning approaches.What are the ethical considerations that should be taken into account during the planning process, and how can they impact decision-making?