If flat organizations are agile due to fast paced changing environmental factors, why do they still need to do strategic planning?
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- How can organizations foster a culture of planning and ensure that planning becomes an integral part of their operations?How can organizations ensure that their plans remain flexible and adaptable in the face of changing circumstances or unexpected events?If the strategic goal of your organization is the improvement of its profitability, what routine tasks could be included in your operational planing?
- What are various steps in decision-making? Discuss each step in detail keeping in view a hypothetical business plan in mind.Assuming that you own a computer shop, you have a good plan in your mind that you want to implement that can benefits your business. How can your plan/strategy convert into action? Can you explain the step-by-step process?What are the ethical considerations that organizations should keep in mind when developing and executing their plans?
- What does an organization need to know about itself before creating a strategic plan?What are the potential risks and uncertainties associated with planning, and how can organizations mitigate these risks through contingency planning and risk management strategies?How can organizations ensure that their plans are flexible and adaptable to changing circumstances and unforeseen events?