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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 (a) Any coherent strategy should have four important elements (Saloner al). Write short notes on each of the four elements (b) Modes of Strategic Management are the
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