The Importance of Intelligent Strategic Planning

Excerpts from the Paper

Abstract
This paper shall discuss the reasons behind strategic planning initiatives and its benefits for an organization.
The Importance of Intelligent Strategic Planning
Introduction
All businesses regardless of size, industry or product orientation should regularly analyze the firm’s short and long-term strategic objectives. As the business climate and economic environment are in constant flux, managers need to stay abreast of changes and appropriately reset the course. Strategic planning can assist in the effective implementation of organizational changes so that the business will grow financially into the future.
What does Strategic Planning mean?
A strategic plan typically covers three specific business areas: scope, positioning and...

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