Make an argument for which stage of strategic management is most important:
Strategic Thinking
Strategic Planning Managing
Strategic Momentum
Expert Answer
Strategic planning is nothing but the process by which the organization define its strategy and allocate its resources appropriately to proceed with the strategy. Strategic planning is done based on the following:-
The current status of the organization in terms of profits, success, reputation, etc.
The long term goals of the organization.
How to achieve the long term goals.
Strategic planning is a creative process that should be flexible in nature. This is the most important stage of strategic management since business environment is uncertain
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