Strategic Issues Likely to Have Long Term Impact

Strategic decisions for implementing a course of action have broad implications and long term ramifications and the people of an organization have to commit themselves to the decisions and plans for a long period of time. Once a firm takes strategic decisions and implements the action programs, the impact is seen slowly on its competitive image and the advantage tied to the particular strategy start pouring in. The companies become known in certain markets, products, or technologies or the decisions may adversely affect the previous progress.

In today’s business world, where changes are by leaps and bounds, some organizations may decide for radical changes through reengineering of their business processes to gain strategically better position Strategic Directions are Futuristic.