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Long-range planning and strategic planning synonymous terms

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Reference no: EM132830414

Are strategic management

  • What is the difference between long-range planning and strategic planning synonymous terms? Explain.
  • Discuss the notion of strategic planning being more formal versus informal in an organization. On a 1- to 10-scale from formal to informal, what number best represents your view of the most effective approach? Why?
  • Why is feedback important in the strategic-management model.

Reference no: EM132830414

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