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QUESTION
Firms often compete with each other to gain their customers' attention and business. While doing so, each firm tries to chalk out its unique strategy or gameplan. Strategic Planning and Strategic Management enable a firm to formulate and implement such winning gameplans.
(a) Define Strategic Planning
(b) What are the benefits of Strategic Planning?
(c) What are the pitfalls of Strategic Planning?
(d) Write short notes on each of the three levels of Strategic Planning
QUESTION 1 Individuals at all levels are prone to resisting change. What are the five main reasons why individuals resist change? QUESTION 2 Research has identified six
a) Make measures for evaluating a strategic plan. b) Make a schedule for executing a strategy plan in an organization. c) Make appropriate dissemination process to gain comm
Hofstede's dimensions of common national cultures Power distance. Extent to that people accept inequality of power. Uncertainty avoidance. Tolerance for uncertainty o
How do the five competitive forces in Porter''s model affect the profitability of the overall industry? For example, in what way might weak forces increase industry profits, and in
? A) By including a lower cost structure ? B) By cross-subsidizing one business from another ? C) By including "deeper pockets" to fund short to medium term losses
What are the problems in assessing the potential for synergy from a merger
Political Factors Political stability of parties and their actions like granting etc might also influence the business expansion plans of Bread Talk up to lesser extent in Singa
1. Encourage open communication among team members to support team development 2. Demonstrate ways of resolving conflict among team members
a. Core competencies are the collective __________ in the organization
advantages and disadvantages of strategic planning
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