All of These Are Pitfalls an Organization Should Avoid in Strategic

question 25

Multiple Choice

All of these are pitfalls an organization should avoid in strategic planning EXCEPT

• A) using plans as a standard for measuring performance.
• B) using strategic planning to gain control over decisions and resources.
• C) failing to involve key employees in all phases of planning.
• D) too hastily moving from mission development to strategy formulation.
• E) being so formal in planning that flexibility and creativity are stifled.

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Definitions:

Promissory Estoppel

A legal principle that prevents a person from going back on a promise, even if it was not formally made as a contract, if it was reasonable to rely on that promise and doing so caused harm.

Refund

A repayment to someone of money they have previously paid.

Legal Obligation

A duty enforced by law whereby an individual or entity is required to perform or refrain from performing a certain action.

Consideration

In legal terms, it's something of value exchanged between parties in a contract, making the agreement binding.