Identify and explain five pitfalls in strategic planning for which management should watch out. Describe why a mission statement is so important in the strategic management process. Define Competitive Intelligence (CI) and list three ways that CI can be gathered.

Answer rating: 100% (QA)

Five Pitfalls in Strategic Planning Lack of Implementation Focus Pitfall Planning without a clear focus on execution can lead to strategies that remain on paper but are not effectively implemented Mit... View the full answer