Discuss the notion of strategic planning being more formal versus informal in an organization. On a 1 to 10 scale from formal to informal, what number best represents your view of the most effective approach? Why?
Answer to relevant QuestionsList ten guidelines for making the strategic-planning process effective. Arrange your guidelines in prioritized order of importance in your opinion. Why is strategy implementation often considered the most difficult stage in the strategic-management process? Who are the major competitors of your college or university? What are their strengths and weaknesses? What are their strategies? How successful are these institutions compared to your college? List four financial and four nonfinancial benefits of a firm engaging in strategic planning. List four components and four guidelines that the J. Crew mission statement fails to exhibit. Write a new and improved mission for J. Crew.
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