Updating 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 explains the importance of the communication of strategic plans and outlines how doing so can help to improve an organization's effectiveness.
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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?
It is important to continuously update the implementation and communication of a strategic plan because the business world is constantly changing and companies need to recognize these changes and implement the resulting opportunities into their strategic plan in order to remain competitive and successful. These changes can impact strategic plans from many different viewpoints, including changing consumer demands, new competitive forces, external economic factors and a changing workforce. It is important for a company to constantly review the impact that these factors have on a business and then to modify their strategic plan accordingly in order to accommodate these change factors.
Once a strategic ...
Education
- BA, Ashford University
- MBA, Ashford University
- Post-Master's Certificate, Northcentral University
- PhD (IP), Northcentral University
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