Why can't small and medium-size business owners,seem to take the time to plan strategically?
A) act as the marketing, human resource, operations, and financial managers, all rolled into one
B) focused on fighting fires or fixing problems
C) focused on short-term planning efforts, generally geared towards current year initiatives
D) lack access to the expertise and/or resources needed to undertake a strategy review
E) all of the above

Question

Quizplus · Accepted Answer

Small and medium-size business owners often act as the marketing, human resource, operations, and financial managers, all rolled into one, and are thus overwhelmed with multiple responsibilities. This causes them to focus on fighting fires or fixing problems, rather than taking the time to plan strategically. Additionally, they tend to focus on short-term planning efforts that are generally geared towards current year initiatives. Finally, they may lack access to the expertise and/or resources needed to undertake a strategy review. All of these factors contribute to their inability to take the time to plan strategically.

Why Can't Small and Medium-Size Business Owners,seem to Take the Time