1-How does strategic planning differ from an annual
planning?
2-What do we mean by ‘defining or redefining...
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General Management
1-How does strategic planning differ from an annualplanning?
2-What do we mean by ‘defining or redefining the business frommarketing point of view?’ Give examples and explain it.
3-What are the perquisites for planning? Explain and giveexamples.
4-Explain the Product/Market expansion grid and it its purposes.Give examples for each case.
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Answer 1 STRATEGIC PLANNING DEFINITION A strategy is a comprehensive plan to achieve the organizational goal It is generally formulated by top level of autorities so that correct decision can be taken to use resources in the best possible manner and efficiently so that less wastage of resources can happen ANNUAL PLANNING DEFINITION They are also called Action or work pplanning Annual planning refers to an organizations financial planning for the whole year They are basicallly future planningwhich a company does in startingof the year DIFFERENCE BETWEEN STRATEGIC PLANNING AND ANNUAL PLANNING IS AS FOLLOWS STRATEGIC PLAN 1 It is usually for 35 yeras As goals will take multiple years to achieve 2The strategic plan is shaped by
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