Fast changing environment has forced management to do strategic planning on regular basis. However, strategic planning should not be viewed as a guarantee to future success”. Comment

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter9: The Strategic Management Process: Achieving And Sustaining Competitive Advantage
Section: Chapter Questions
Problem 1CRQ: What does a mission statement explain about a firm that a vision statement does not?
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“Fast changing environment has forced management to do strategic planning on regular basis.
However, strategic planning should not be viewed as a guarantee to future success”. Comment.

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