Strategic planning is “strategic” because it requires an understanding of how
the external environment impacts a firm’s ability to create value. Describe.
2. Successful implementation depends on how effectively management deals
with fundamental issues associated with changing the operating system in
order to carry out the business strategy. Explain the five issues.
3. How will you improve productivity with an Operating Plan? Explain.
4. It is crucial that the management group responsible for implementing an
operating plan share a common understanding of the business strategy they
are supporting, its strategic imperatives for the operating system, and the
implied priorities. Explain.