When is a strategic plan an effective tool

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Reference no: EM133754

QUESTION 1

In devising strategic management programs for the tourism & hospitality industry, should decision makers necessarily consider the traditional sequence of environmental scanning, strategy formulation, implementation, evaluation and control? Elaborate your answer with relevant examples

QUESTION 2

When is a strategic plan an effective tool in a business enterprise?

QUESTION 3

What are functional strategies and how important are they in helping an organisation to achieve its common goals?

QUESTION 4

How can a strong corporate culture be an asset for the practice of corporate governance?

QUESTION 5

The success of an enterprise depends on its pre-emptive and pro-active approach. How true is this for devising strategic plans for the tourism and/or hospitality industry?

Reference no: EM133754

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