DQ In today’s economic environment, which of the five steps in the strategic planning process (vision, mission, gap analysis, SMART goals, monitoring) do you think is the most important?

MBA 5101 Strategic Management and Business Policy

Unit 5 Discussion

In today’s economic environment, which of the five steps in the strategic planning process (vision, mission, gap analysis, SMART goals, monitoring) do you think is the most important? Give an example of an industry where this would be the most important step. Do you think that a different industry might place more emphasis on another step in the strategic planning process? Why?