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Long-term business benefits of strategic planning

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Reference no: EM131746794

Question: Submita 3 page evaluation of the benefits and challenges of implementing strategic planning within an organization. Your evaluation should include the following:

- What are the steps of the strategic planning cycle? Be sure to include a condensed description of the value of each step to a professional organization.

- What are the long-term business benefits of strategic planning?

- What are the unique hurdles that companies need to be aware of when implementing the foundations of strategic planning? Explain with specific examples from scholarly sources.

- Based on your research and/or personal experience, would there ever be a reason why an organization would benefit from not utilizing strategic planning? Provide a rationale for your answer with specific examples from scholarly sources.

Note:Be sure to use the APA Course Paper Template (6th ed.), found in this week's Learning Resources, to complete this Assignment. Also, refer to the Week 1 Assignment Rubric for specific grading elements and criteria. Your Instructor will use this rubric to assess your work. Please Note: For each page of your paper, you must include a minimum of two APA-formatted scholarly citations.

Reference no: EM131746794

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