Tuesday, January 11, 2011

What is Strategy Formulation?

From: [Reference for Business]

Basic strategic planning is comprised of several components that build upon the previous piece of the plan, and operates much like a flow chart.  However, prior to embarking on this process, it is important to consider the players involved.  There must be a commitment from the highest office in the organizational hierarchy.  Without buy-in from the head of a company, it is unlikely that other members will be supportive in the planning and eventual implementation process, thereby dooming the plan before it ever takes shape.

Click and read more: Strategy Formulation

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