Business

Strategy Process and Business Failures

Introduction

For every business or organization, strategy development is necessary because without designing strategies, no business can be run. While teaching business management, institutions or business schools always develop a flow chart of strategy process and teach their students to follow it if they will ever get a chance to set up any organization employed at well known organization. Despite of well developed and illustrated strategy processes there are some businesses and firms that fail to give unusual performance or sometimes are unable to survive at all. In order to find out reasons behind such failure, first it ...