DISQUS

Mary · 1 year ago

Building a strategic plan or engaging in strategic planning can make a huge difference, particularly when it has a long-term focus and is used as a management tool, rather than simply being an exercise in forms completion. Business managers are constantly faced with strategic choices, such as developing a new competitive approach to an existing market, evaluating a potential merger or acquisition, or divesting core products or businesses. While the circumstances surrounding the choice may be unique to a particular company, these decisions themselves are similar to those that regularly confront top management in every industry. Such choices often require substantial commitment of time and resources and may have broad, long-lasting effects.