MGT 450

2 QUESTIONS BELOW NEED TO ANSWER AT LEAST 250 WORDSEACH..DUE ASAP THANKS

NOT A PAPER..JUST QUESION NEEDING NSWER THANKS..

QUESTION 1:

Strategic Planning Process

In your own words, define strategic planning and explain why it is crucial to an organization’s survival. In your response, include a description of how strategic planning differs from strategic management. Lastly, explain how your current or previous organization’s strategy might influence its business model.

QUESTION2:

Problems with Strategic Planning

After reading the article “UPS holiday season fiasco: a failure of strategic planning,” (http://www.forbes.com/sites/stevebanker/2013/12/30/ups-holiday-season-fiasco-a-failure-of-strategic-planning/ )describe where the problem was with UPS’ and FedEx’s strategic planning. How did the fear of losing market share affect their strategic planning? What are potential solutions?