This addresses a top-down approach to strategic planning.
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Could you please provide an explanation of the following statement:
In a top-down approach to strategic planning, it is assumed that the Board of Directors will get buy-in from subordinate managers but will not take directions from those managers.
And if you can, please give me an example.
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Solution Summary
The solution clarifies the following statement:
In a top-down approach to strategic planning, it is assumed that the Board of Directors will get buy-in from subordinate managers but will not take directions from those managers.
Examples are also provided to further clarify the meaning of the statement.
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Here is what the statement means. First I am going to reword the statement for you so that you can understand it better, and then we will discuss it.
In a top-down approach to strategic planning, it is assumed that the Board of Directors will get buy-in from subordinate managers but will not take directions from those managers.
-- In the top-down approach that is used, it is assumed that the board of directors (who are at the top of the company) will get agreement from managers who are under them in power, but the board of directors is not going to listen to the ideas of the ...
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