Explain the importance of strategic planning in maximizing shareholder wealth.?

Answer 1

Contrary to popular belief, most companies do not have unlimited resources. Through strategic planning a company is able to marshall resources into its core competencies, leverage other business units to grow the bottom line and identify future growth opportunities for the company. All of these factors increase the value of the company which as far as shareholders are concernd, is the only thing that matters. Esp., if the value translates into greater profits, an appreciated stock value, higher dividend payouts....

Answer 2

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It's packed with relevant articles.