What are some common strategic planning mistakes to avoid?
Some common mistakes include lack of clear objectives, ignoring market research, and not involving key stakeholders.
Can you elaborate on why involving stakeholders is important?
Involving stakeholders ensures that diverse perspectives are considered, which can lead to more effective and accepted strategies.
What role does market research play in strategic planning?
Market research provides insights into customer needs and competitive landscape, helping to inform better decision-making.
How often should a strategic plan be reviewed?
A strategic plan should be reviewed at least annually, but more frequent reviews can help adapt to changing conditions.
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