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November 12, 2022

Please explain in your own words what the benefits and pitfalls of planning are. For each (benefits/pitfalls) list at least three.

Question 1Please explain in your own words what the benefits and pitfalls of planning are. For each (benefits/pitfalls) list at least three.

Question 2Describe in your own words the steps involved in making a plan that works.

Question 3Please describe what proximal and distal goals are. In your opinion which type of goal is more effective?

Question 4Identify the components of a sustainable competitive advantage. (Explain what a competitive advantage is and then lead into the components of a sustainable competitive advantage).

Question 5Outline the three steps of the strategy-making process.

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