Which of the following is the likely outcome if management does not embrace strategic planning? promotion expansion organizational death growth
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Beyond the Answer
Without strategic planning, the likely outcome can be organizational death. When management fails to set clear goals and directions, the company may drift without purpose, losing its competitive edge and relevance in the market. Over time, this disarray can lead to declining sales, staff turnover, and ultimately, a failure to survive in an ever-evolving landscape. Another significant concern is that the organization risks stagnation. Without a proactive approach to planning, innovation suffers, and opportunities for expansion are missed. This lack of foresight can result in being outpaced by competitors who do invest time and energy into strategic growth initiatives, leading to a downward spiral for the business.
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