Discuss the below:
Q: In today's economic environment, which of the five steps in the strategic planning process do you think is the most important? Give an example of an industry where this would be the most important step. Do you think that a different industry might place more emphasis on another step in the strategic planning process? Why?
Your journal entry must be at least 200 words.
Ref:
Dye, R., & Sibony, O. (2007). How to improve strategic planning. McKinsey Quarterly, (3), 40-49