Implementation Of The Strategic Planning Essay
A good strategy plan also calls for the Company to be adaptable to different situations, which will be influenced by the customer’s needs and wants, competition, as well as factors related to the business in terms of competition amongst industry players (Kim and Mauborgne, 2002).
2.19 Strategy budgeting
As has already been pointed out; the task to describe the Company 's strategy enables it to progress towards the vision. The strategy also provides clear plans that guide the activities of the management team in the implementation of the strategy.
The time horizon of strategic plans often generally considered between 3 - 5 years, while tactical plans and objectives are 1 - 3 years. Concrete operational level plans usually deal with a maximum of one year from the timeline. Often those chosen strategic priorities and development…