Strategic Planning
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What is the difference between conducting strategic planning and having a strategic mindset? Discuss the effects that technology has had on strategic planning and the strategic planning process. What are the advantages and disadvantages of having a formal strategic planning process? Of having a strategic mindset? How can an organization do both?
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Having a strategic mindset means that a company is always up on strategy and surpasses other companies. However, without a strategic plan, an idea or mindset has no meaning. A company would not be able implement any strategy if it was not in the form of a plan because a plan is what organizes the strategy, gives everyone the roles and jobs they need to accomplish in order for the strategy to succeed, and only after that plan is implemented by the staff, would a company be considered to have a strategic mindset. This ...
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