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Discuss the risks in Strategic Management

Discuss the risks in Strategic Management

Answers

Maurice
(i) If the formulators of the strategy are not intimately involved in the implementation there may be a gap hence not able to achieve the intended result.
Therefore strategy formulators must be actively involved in the implementation
process. If not involved the subordinates must be trained on how to
implement the strategy effectively.

(ii) The time that managers spent on the strategic management process may have negative impact on the operations of the firm.
Managers must therefore be trained to minimize the amount of time spent in the strategic management process.
or
1. The time that managers take or spent on the strategic management process may have
negative impact on the operations of the firm.
2. If the formulators of the strategy are not intimately involved in the implementation there
may be a gap hence not able to achieve the intended result effectively.
3. Strategic managers must be trained to anticipate disappointments and how to respond
effectively to them.
maurice.mutuku answered the question on August 2, 2019 at 09:44

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