Submit a 2 page evaluation of the benefits and challenges of implementing strategic planning within an organization. Your evaluation should include the following:
- What are the steps of the strategic planning cycle? Be sure to include a condensed description of the value of each step to a professional organization.
- What are the long-term business benefits of strategic planning?
- What are the unique hurdles that companies need to be aware of when implementing the foundations of strategic planning? Explain with specific examples from scholarly sources.
- Based on your research and/or personal experience, would there ever be a reason why an organization would benefit from not utilizing strategic planning? Provide a rationale for your answer with specific examples from scholarly sources.
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