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Upper-level management of a company must put a lot of thought and planning into the
strategic planning process. The two most important ways to leverage the most of your strategic
plans are to refocus your team so that they are in line with your mission, vision, and core values,
and to use your strategic plan to direct work-assignments and budgets. The following three
problems that have an impact on strategic planning: There are too many stakeholders, inadequate
communication channels, and a failure to factor the interests of all parties into the strategy.
Strategic planning needs constraints because they restrict the factors that can affect your
Analysis, which combines internal and external analysis to identify strengths, weaknesses,
True/False
1. True
2. False
3. True
4. False
5. True
6. True
7. True
8. True
9. True
10. False