Discuss the most important insights you received from the readings, resources and your own research on strategic planning vs. tactical/action planning. How are they similar? How are they different? What are their purpose for the organization and for managers/leaders?
Read this article to understand how to effectively develop a company’s strategy. Most importantly identify the five critical steps of developing a company’s strategy as described by Bungay. Bungay, S. (2011). https://hbr.org/2011/01/how-to-make-the-most-of-your-companys-strategy
https://youtu.be/3yRapplaBBo?t=29
https://youtu.be/qug7MJTuDtU
Sample Solution
