Questions 1. What are the advantages and disadvantages of keeping the strategic-
ID: 330321 • Letter: Q
Question
Questions
1. What are the advantages and disadvantages of keeping the strategic-planning process secret versus placing the firm’s strategic plan on the corporate website and discussing strategies and planning publically?
2. What are three types of industries where secrecy is warranted and three industries where secrecy is not warranted, or does type of industry even matter?
3. Many colleges and universities have their strategic plan posted on their website. What are the advantages and disadvantages of this practice?
Explanation / Answer
Q 1. What are the advantages and disadvantages of keeping the strategic-planning process secret versus placing the firm’s strategic plan on the corporate website and discussing strategies and planning publically?
1. Advantages of keeping the strategic-planning process secret
2. Advantages of keeping the strategic-planning process open to public
Q 2. What are three types of industries where secrecy is warranted and three industries where secrecy is not warranted, or does type of industry even matter?
Secrecy is more warranted in industry with high degree of competition. More than industry, strategic plan which can be easily copied/ duplicated warrants more secrecy. e.g.
Industries where secrecy is not warranted
Q 3. Many colleges and universities have their strategic plan posted on their website. What are the advantages and disadvantages of this practice?
Advantages
Disadvantages of disclosing the strategic plan on website
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