Discuss the ways in which managers arrive at new strategic directions-formal and informal. Which is best?" There are numerous ways managers arrive at new strategic directions.
Some of these include forecasting future growth by using past and current numbers, aiming the increase in market capitalization, aiming towards achieving certain benchmarks internally as well in terms of profits and framing a strategic plan based on the underlying target.
The best alternative could be considered as building a strategic plan based on the current situations/numbers and projecting the future growth.
Strategic planning is defined as the organizations process that defines its strategies, directions and making decisions about... View Full Attachment