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What are the steps of the strategic planning cycle

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Reference no: EM132166965

Question: Your evaluation should include the following:

• What are the steps of the strategic planning cycle? Be sure to include a condensed description of the value of each step to a professional organization.

• What are the long-term business benefits of strategic planning?

• What are the unique hurdles that companies need to be aware of when implementing the foundations of strategic planning? Explain with specific examples from scholarly sources.

• Based on your research and/or personal experience, would there ever be a reason why an organization would benefit from not utilizing strategic planning? Provide a rationale for your answer with specific examples from scholarly sources.

Reference no: EM132166965

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