What are some of risks and pitfalls of the strategic planning process?

Discuss the guidelines for making the strategic planning process effective. In your opinion, what is/are the most important component(s)? What are some of risks and pitfalls of the strategic planning process? Using your current employer’s strategy (or select a firm you are familiar with), determine whether the strategy is a winning strategy. Does the strategy fit the situation? Is the strategy producing good performance? Connect the strategy analysis back to the planning process.

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