What are the arguments against top-down strategic planning and scenario planning?
What will be an ideal response?
Critics of top-down and scenario planning argue that strategic planning is not the same as strategic thinking. In fact, they argue the strategic planning processes are often too regimented and confining. As such, they do not allow for the necessary strategic thinking. Managers doing strategic planning may also fall prey to an illusion of control-that is, the hard numbers in a strategic plan can convey a false sense of security. According to critics of strategic planning, in order to be successful, a strategy should be based on an inspiring vision and not on hard data alone. They advise that managers should focus on all types of information sources, including soft sources that can generate new insights, such as personal experience or the experience of front-line employees.
You might also like to view...
Contributory negligence is not a good defense to recklessness, but assumption of risk is a good defense.
Answer the following statement true (T) or false (F)
Which of the following qualitative characteristics of financial information requires that information NOT be biased in favor of one group of users to the detriment of others?
a. Relevance b. Reliability c. Verifiability d. Neutrality
From a supply chain perspective, ______ can be defined as the ability to satisfy customers in terms of time, reliability, convenience, and communication.
A. order completion B. order fulfillment C. customer satisfaction D. customer service
Paris Company issued bonds in the amount of $500,000 with a stated interest rate of 8%. If the interest is paid semiannually and the bonds are due in 10 years, what would be the total amount of interest paid over the life of the bonds?
A) $500,000 B) $200,000 C) $400,000 D) $ 40,000