What is the drawback in top-down strategic planning?
What will be an ideal response?
Top-down strategic planning rests on the assumption that the future can be predicted from the past. The approach works reasonably well when the environment does not change much. One major shortcoming of the strategic planning approach is that the future cannot be easily known. Strategic leaders' visions of the future can be downright wrong; unforeseen events can make even the most scientifically developed and formalized plans obsolete. Thus, many companies are now using a more flexible approach in their strategic management process.
You might also like to view...
Which of the following is the primary objective in most financial statement analysis?
a. to value a firm's equity securities. b. to look for unrecorded liabilities. c. to establish a firm's strategy within the industry. d. to define markets for the firm.
For a candidate with less than five years of experience, the ideal length for a résumé is generally one page
Indicate whether the statement is true or false.
In a _______, each salesperson is responsible for calling on customers in a defined territory. They perform traditional selling activities—making presentations, asking for orders, and making after-sale calls
Their efforts revolve around discrete exchanges or series of exchanges. a. systems sales force b. major account sales force c. transactional sales force d. strategic account sales force
What is the period of copyright protection provided for individuals under the Copyright Term Extension Act of 1998?
A. Individuals are granted 20 years of copyright protection, after which it has to be renewed for a fee. B. Individuals are granted copyright protection for their lifetime plus 70 years. C. Individuals are granted 95 years copyright protection from the year of first publication of the work. D. Individuals are granted 120 years copyright protection from the year of creation of the work.