& Thompson A. (2011) indicated that strategic planning is basically what a company does with competitive moves, and the way they approach business. The idea is to have customers drawn to their business, so they can meet their performance goals. In addition, the plan should allow for the company to grow. The authors stated that there are three questions a company needs to ask itself. The first questions is “where are we now”, which can be determined by taking measure of the company as it stands in today’s markets. The second question is “where do we want to go”, which is basically the vision the company has for itself. The third question is “how are we going to get there”, which entails the company putting a strategic plan into place. In addition, companies should understand the difference between strategic planning and long range planning. According to Gamble, J. & Thompson, A. (2011) strategic planning requires companies to understand that they must be flexible with their plans. Most long range plans are usually put in place with intention of sticking with the plan through the end. In my opinion, most successful companies do more strategic planning than long range
& Thompson A. (2011) indicated that strategic planning is basically what a company does with competitive moves, and the way they approach business. The idea is to have customers drawn to their business, so they can meet their performance goals. In addition, the plan should allow for the company to grow. The authors stated that there are three questions a company needs to ask itself. The first questions is “where are we now”, which can be determined by taking measure of the company as it stands in today’s markets. The second question is “where do we want to go”, which is basically the vision the company has for itself. The third question is “how are we going to get there”, which entails the company putting a strategic plan into place. In addition, companies should understand the difference between strategic planning and long range planning. According to Gamble, J. & Thompson, A. (2011) strategic planning requires companies to understand that they must be flexible with their plans. Most long range plans are usually put in place with intention of sticking with the plan through the end. In my opinion, most successful companies do more strategic planning than long range