One Pitfall Which Managers Should Avoid in Strategic Planning Is

question 72

True/False

One pitfall which managers should avoid in strategic planning is top managers making many intuitive decisions that conflict with the formal plan.

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Definitions:

Turabian Manual Style

A guide for writing and formatting research papers, theses, and dissertations, particularly noted for its citation styles.

Endnotes

Notes placed at the end of a document or book that provide additional information or references.

Gainsharing Plans

Incentive programs where employees receive bonuses for performance improvements or cost savings within the company.

Balanced Scorecards

A strategic planning and management system used to align business activities to the vision and strategy of the organization by monitoring performance against strategic goals.