Strategic Management Cycle company’s strategic direction, management assignment help

In this module (and throughout the course) we will be discussing the
strategic management cycle.  And although organizations tend to consider
organizational strategy yearly, organizational strategic plans tend to
be multi-year endeavors often looking 5 or more years into the future. 
Given the typical 5 year outlook, discuss why companies go through the
strategic management cycle yearly and why this is a good (or bad) idea. 
Give examples of companies that have incorporated strategies that took
years to realize and discuss how annually revisiting a company’s
strategic direction can influence an organization’s success in a
competitive environment for longer range plans.

References need to be in APA format.