The Ingenuous One Ltdisa large-scale printing house with operations all over Ghana. An evaluation of its first ever five-year strategic plan for the period 2015 – 2020 revealed the following: completion of strategy formulation, December 2015; preparations for full-scale implementation of the Plan were completed in March 2016; strategic plan implementation started in earnest in April 2014. Inspite of the enormous resources and financial outlay expended in its implementation, the strategic plan failed to achieve most of its objectives and targets.
Discuss the possible reasons, with practical examples, why the firm failed to achieve most of the objectives and targets of its strategic plan.
Explain how the components a mission statement will apply proportionately or otherwise when asked to draw mission statements for the following organizations
The directors of N. Limited have now decided to introduce a strategic management approach which will assist in the selection of appropriate strategies for the future development of the company.