Strategic Planning and Strategic Mindset
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1.) Identify how engaging stakeholders in the strategic planning process can help ensure it is approved, resourced, and successfully implemented.
2.) What is the difference between conducting strategic planning and having a strategic mindset? What are the advantages and disadvantages of having a formal strategic planning process? Of having a strategic mindset?
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Solution Summary
This posting discusses how stakeholders can be engaged in the strategic planning process. It also explores the differences between strategic mindset and strategic planning.
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1.) Identify how engaging stakeholders in the strategic planning process can help ensure it is approved, resourced, and successfully implemented.
1. The strategic planning involves allocating resources and persons to the process of achieving strategic objectives.
2. If stakeholders like shareholders are engaged in the strategic planning process, they will help provide resources for the strategic plan. Again if the shareholders are involved in the strategic planning process it would mean that the approval of the strategic plan would be easy.
3. If the employees were involved in the strategic planning process, the allotment of personnel to the plan and the keeping up with the deadlines would be easy.
4. Again if the regulatory bodies were engaged in the ...
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