Title: 5 Reasons Why Strategy is Important - Albu Strategy Management
Headings: 5 Reasons Why Strategy is Important
5 Reasons Why Strategy is Important
Content: 4. Resource allocation – One thing is clear about any company, large and small—resources are finite. We wish they were infinite, but that will never be the case. Strategy is about making choices. What products, services and markets will be a part of the future and what we should not do? These types of decisions are critical to ensuring that limited resources are being deployed to the most promising opportunities that will provide the greatest return. 5. Environmental Scan – Too many CEOs don’t take the time to truly know the external environment that can have a positive or negative impact on performance. This is not to say that leaders are not in tune with their customers, or not aware of their competition. The question is, how thorough an analysis are they doing?