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Discuss the concept of "strategic intent" and how it relates to long-term planning and achieving a competitive advantage
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- Discuss the importance of conducting thorough market research and competitor analysis in the business planning process. How can businesses use this information to identify opportunities and mitigate risks?How do you approach the strategic planning process within an organization, considering both short-term and long-term goals?Discuss, How can organizations effectively manage conflicting objectives and interests during the strategic planning process?
- Discuss the different levels of planning within organizations, including strategic planning, tactical planning, and operational planning, and their interrelationships.How can a company evaluate the success and effectiveness of its long-term planning initiatives?Discuss the difference between short-term planning and long-term planning. Identify any business activities that underwent short-term and long-term planning processes.