Identify five pitfalls in strategic planning

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Reference no: EM133380531

Assignment:

Questions:

1. What is the single major benefit of using a strategic-management approach to decision-making?

2. Identify any five pitfalls in strategic planning for which management should watch out.

3. Compare and contrast strategic planning with strategic management. Describe how they are both used by organizations.

4. Discuss the differences between vision and mission statements. Provide examples.

Reference no: EM133380531

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