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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
Four perspectives of the balanced scorecard Customer perspective e.g. what should we do right for our customers and what do they value? Internal perspective e.g. what
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Benefits of using balanced scorecard (BSC) - BSC encourages a long-term view of improving performance through time. - BSC considers both non-financial as well as financial m
The amount and pace of market adoption.
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One rich seam of experimental data comes from meteorological measurements. Thousands of measurements are recorded each day by the Australian Bureau of Meteorology (BoM). This assi
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