Strategic Management Cycle
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Management 499 Module 1: Strategic Management Cycle Instructions:
Management 499we will be discussing the strategic management cycle. And although organizations tend to consider organizational strategy yearly, organizational strategic plans tend to be multi-year endeavors often looking 5 or more years into the future. Given the typical 5 year outlook, discuss why companies go through the strategic management cycle yearly and why this is a good (or bad) idea. Give examples of companies that have incorporated strategies that took years to realize and discuss how annually revisiting a company’s strategic direction can influence an organization’s success in a competitive environment for longer range plans.
Content:
Strategic Management Name: Institution: Course: Date: Strategic management cycle is a representation of the chain of events that take place on a repeated cycle in the corporate organizations, relative to strategies that are geared to drive growth and development of the said entities (Olson, Verry
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