Page 18 - SBL Integrated Workbook STUDENT 2018

Chapter 2
1.2 Why perform strategic planning?
 forces forward planning
 better fit with the environment
 better use of resources
 provides direction
 sets targets for performance
 clear organisation goals
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 time consuming/expensive
 difficult in rapidly changing
environments
 stifles innovation
 can missed unplanned
opportunities
 bureaucratic
 less relevant in a crisis