Companies can make strategic planning more effective by:

Question

Quizplus · Accepted Answer

Ensuring the participation of top management is important as they have the authority to implement the plan and allocate resources accordingly. Their involvement also ensures alignment with the company's overall mission and vision. Centralized decision making can stifle innovation and creativity, and an annual exercise may not be frequent enough to keep up with the rapidly changing business environment. Cross-functional teams can bring diverse perspectives and facilitate collaboration, which can lead to more effective strategic planning.

Companies Can Make Strategic Planning More Effective By