Why is strategic planning essential for the survival of most businesses?

Answer 1

Any thing in life without planning cannot make it successful in the real sense. " Well planned is half done" is well known to all those in any field of life. Strategy is important to win the battle of life. What the other person in the same field does and what Ii should do to be the top one in the field is to be calculated well and implemented effectively. That is why we find these days the MBA s are having demands globally. a correct strategy takes into account even the minute aspects from the root to the fruit.

Answer 2

Gaining revenue.