What is the role of strategic planning in management, and how can organizations develop and implement effective strategic plans to achieve their goals and objectives?
What is the role of strategic planning in management, and how can organizations develop and implement effective strategic plans to achieve their goals and objectives?
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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What is the role of strategic planning in management, and how can organizations develop and implement effective strategic plans to achieve their goals and objectives?
Expert Solution
Step 1: Define strategies
Applied through important facts, strategies are innovative conceptual tactics or approaches that are similar to a huge game tournament. Planning and action are their specialties as they skillfully coordinate a combination of solutions and methods to overcome challenges, take advantage of opportunities, or make their way through the complicated structure of goals and achieve the desired outcomes.
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