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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2105 |
Essay's paper body
To put it simply, not every plan is a strategic plan.
STRATEGIC PLANNING IMPLEMENTATION
There are many tools that the company can used in strategic planning. The popular tool is the balance scorecard approach4. Using this approach, the company will measure their company's performance from four different perspectives which are financial, customer, business process and learning and growth...
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Using this approach, the company will measure their company's performance from four different perspectives which are financial, customer, business process and learning and growth. Managers used this to plan and communicate to their subordinates which will also serve as their vision direction.
Strategically, these perspectives will enable the managers and other employees to plan better as they have better understanding on what they should do to achieve their short or long term planning...
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General points of the essay
‘All multinationals that conduct strategic planning go through a three-step process: formulation, implementation and control’
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