Question

2 paragraphs on WHEN STRATEGY IS NOT SO SUCCESSFUL STRATEGICALLY

Answer 1

Strategies refers to the plans that are made to meet the goals and objectives. Strategy is very important part of business world because it focus on using the limited resources available.

It is very important to make strategic plan effectively in order to meet the desired goal. The reasons most strategies fail are:-

• If business makes strategies without any proper planning just for the sake of formality.
• Sometimes business do not focus on the changing environment and setting priorities. If the business do not perform need analysis to meet result, strategies often fail.
• If the higher management and staffs are not committed towards meeting the goals, the strategies may fail.
• If the strategies plan are not executed properly by the staff involved, strategies may fail.
• If the managers do not take the strategies seriously, and perform business activities without following it, strategies may fail.
• If the strategies and employees are not adaptable to changing environment, strategies fail.
• If the people in leadership position does not have skills required to execute the plans, strategies may fail.
• If the business do not consider reality, facts and assumptions when making strategies, it often fails.
• If the goals of business are unrealistic, the strategies often fail.
• If the organization do not have effective communication system, strategies often fail.