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    Why strategic plans may fail

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    Action plans are imperative to businesses. So why are action plans important in business? Action plans are an important part of strategic planning for project management, but unfortunately many businesses tend to stop after the strategic plans have been laid out. Why is that?

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    Solution Preview

    Action plans are critical to business in order to achieve goals efficiently and effectively. There are several reasons why businesses fail to carry out strategic plans. First, if there is no sense of ownership, the plan may not be carried out. It is important for employees to contribute to ...

    Solution Summary

    This solution offers some reasons why strategic plans may fail to be carried out as well as the main reason why strategic plans are important to businesses.