Strategic Management: Why continuously update the implementation and communication of a strategic plan?
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Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan? Why?
Has your organization's strategic plan been communicated to you? If so, how and by whom? If not, how would such communication improve your organizational effectiveness? Is it important for employees to know the strategic plan of a company? Why or why not?
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Solution Summary
This solution discusses the strategic plan as a road map for the organization and the importance of updating the strategic plan and its implementation and communication. The response address the queries posted in 757 words with references.
Solution Preview
The response address the queries posted in 757 words with references.
//Prior to talking about the importance of the incessantly updating the implementation and communication of strategic plan; we will have to first of all, understand about the 'Strategic Plan', in order to enhance your knowledge. So, initially, we will talk about the Strategic plan under the heading of Introduction, for example: //
Introduction:
Strategic plan is defined as a plan that mainly serves route map for the business organization. This plan provides a framework that can check; whether the decision pertaining to future is taken in the purposeful or systematic manner or not. Basically, it assists the system in each and every stage of its process and also suggests how growth could be accomplished. In the organization, it is also further utilized for directing the modification of short-term plans (Ryall & Craig, 2003).
//Above, we talked about Strategic plan, which mainly serves as a route map for the Organization. As per directions, now we will talk about importance to update the implementation and communication of a strategic plan. In this part, we will also talk ...
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- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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