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Posts tagged as “Strategic Planning and Strategic Management”

Strategic Planning and Strategic Management

Question one Strategic management is the formulation of a plan and allocating resources to result in the achievement of competitive advantage. Criteria that involve ethics should be inclusive for any strategy to come true (Kalali et al.,2011). Some of the departments have deviated from the intended approach of the plan because of several reasons. A plan being in place for the sake of ideas. A few associations make a cursory effort of building up a policy just because formality dictates. This should not be the case. Lacking an understanding of the environment in which the business is operating in. A…