Why is strategic planning essential/important to the managers?

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 7CRQ: What are the strategic planning time frames? How do they work together?
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Why is strategic planning essential/important to the managers?
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