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What are the disadvantages of formal strategic planning?
01-01-2011, 08:56 PM,
Post: #1
What are the disadvantages of formal strategic planning?
1)It is both costly and time consuming
2)It is prescriptive in nature
3)There is excessive formalizatoin in the process
4)Lack of flexibility
5)Loss of initiative to enterprising firms
6)Lac of realism
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