What is a Strategic Issue? How might we go about identifying a strategic issue? Consider how an organization could potentially view a strategic issue as an opportunity if addressed. Apply with an example
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- Why is strategic management important for organizations? Can an organization be successful without a strategic plan? Why or why not?If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider? Could a firm simultaneously pursue focus, differentiation, and cost leadership?Should firms do that? DiscussWhat is Strategic Management in the business world? Is there a difference between Strategic Management and Strategic Planning? kindly explain siting some scholars
- What are the best practices for creating and implementing effective strategic plans, and how can they be aligned with organizational goals and objectives?What is the difference between strategic objectives and a strategy?What are the differences between "incremental" and "revolutionary" strategies, as well as "intended" and "actual" strategies? Do you think one is more valuable than the other? If so, why? Have you considered what the barriers to strategic planning are? What might those challenges be in your sphere? How can an organization overcome barriers to strategic planning?