(solution) Although organizations tend to consider organizational strategy

(solution) Although organizations tend to consider organizational strategy

Although organizations tend to consider organizational strategy yearly, organizational strategic plans tend to be multi-year endeavors often looking 5 or more years into the future. Given the typical 5 year outlook, discuss why companies go through strategic management cycle yearly and why this is a good or bad idea. Give examples of companies that have incorporated strategies that took years to realize and discuss how annually revisiting a company’s strategic direction can influence an organizations success in a competitive environment for longer rage plans.