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Foundations of Plaanning (Reasons for Planning (Reduce the impact of…
Foundations of Plaanning
Reasons for Planning
Reduce the impact of change
Minimize waste and redundancy
Provide direction
Set the standards to facilitate control
Strategic Management Process
SWOT Analysis
Formulate
Evaluate Results
Implement
Stability Strategy
Growth Strategy
Vertical integration
Horizontal integration
Concentration
Diversification
Renewal Strategy
Retrenchment strategy
Turnaround strategy