Saturday, April 2, 2016

Week 12 Reading Reflection

1.     I found it extremely surprising to learn that many entrepreneurs neglect to spend time creating a strategic plan. I would think that in a new company having a guided path to success would be very valuable.
2.     I found it slightly confusing to learn that many researchers believe that strategic planning is used most often to find new industries for companies to compete. I initially believed that strategic planning was a way to plan how to successfully separate yourself from your competition.
3.     If I could ask two questions to the author the first would be: Which company today do you think is most successful in utilizing strategic planning. The second would be: If you were part of a start up how would you utilize strategic planning to your advantage.
4.     There was nothing in the reading that I disagreed with. 

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