What is a “retreat” and why do firms take the time and spend the money to have these?
Answer to relevant QuestionsDiscuss 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? Explain why both internal and external factors should be stated in specific terms, i.e., using #’s, %’s, $’s, ratios, and comparisons over time, to the extent possible. Give an example of a recent political development that changed the overall strategy of an organization. Describe the content available on the strategy club website at www.strategyclub.com. Distinguish between long-range planning and strategic planning.
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