portfolio management and strategy formulation “strategic planning
Portfolio Management and Strategy Formulation“Strategic planning is a systematic process for defining a pathway into the future. Taking one path precludes taking others. Strategic planning forces choices—and that is what makes it both so difficult and so beneficial. It generates focus” (Beckham, 2010, p. 6). During the strategy formulation phase of strategic planning, the individuals involved must determine the organization’s priorities and make difficult decisions for the […]