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Strategy planning Strategy plan is define as what a business wants to achieve & also lays down on action plan in the market place as to how to achieve. The basic objective of any corporation is to survive in the market & sustain itself by creating value to all stakeholder in the dynamic business world.
TOP FIVE REASON WHY STRATEGIC PLANS FAILS? ,[object Object]
Leadership
No Plan Behind the Idea
Passive Management
Motivation and Personal Ownership,[object Object]
Poor communications  among team members responsible for decisions in implementation. Expectations and opinions are not shared openly, thoroughly, and effectively."
The failure to communicate the vision and strategic objectives to stakeholders,[object Object]
This results in improper resource allocation, lack of buy-in, poor follow-through, inadequate checks, misaligned goals/ strategies/ actions, inefficient rewards and punishments, cover-ups, etc." ,[object Object]
A strategy document almost never actually states what is to be done from day to day and a way for employees to track their actual progress.
Most strategies stop at the 'conceptual stage' rather than actually give very Specific tasks to be done,[object Object]
What are the symptoms when there is no motivation/personal ownership?
Inability of individuals to view strategic planning an important and exciting part of their job."

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