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Traditional strategic planning with sustainable competitive advantage as a goal

Home, - Traditional strategic planning

Do you believe that traditional strategic planning with sustainable competitive advantage as a goal is still the most effective way to view strategy? Consider alternative approaches, and the role of IT, in your answer.  

Strategy involves making choices on

Business goal selection

Choice of services and products to offer

Policies

Level of scope and diversity

Design of administrative and organizational structure

Strategic management process enables manager to planner strategies. Manager needs to respond and adopt for the new emergent stratergies

Information about the environment and situation need to be analysed

Slecting a specific direction

Need to take steps for implementing decisions

Managing and monitoring the situation

Incremental approach

Hierarchal approach

Revolutionary  approach  


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