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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2672 |
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Nevertheless, the need to set long-terms objectives and to formulate broad plans and policies in necessary for the survival and progression of any organization. Detailed and inflexible long-term planning is, on the other hand, unnecessary and often counterproductive. Competitive advantage can be gained by being opportunistic and taking advantage of unforeseen opportunities...
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There are five advantages for deliberate strategy formulation: Direction. Organizations need direction. Without objectives and plans, organizations would be adrift. If organizations did not decide where they wanted to go, any direction and any activity would be fine. People in organizations would not know what they were working towards and therefore would not be able to judge what constitutes effective behaviour (e...
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