Strategic planning involves setting long-term goals and objectives, determining the actions needed to achieve these goals, and allocating resources to implement those actions effectively. It's a structured approach that helps organizations adapt to changing environments, make informed decisions, and stay focused on their vision. Multiple Choice Question: Which of the following is a key characteristic of strategic planning? a) Short-term focus b) Reactive decision-making c) Adaptability to changes d) Limited consideration of resources
Strategic planning involves setting long-term goals and objectives, determining the actions needed to achieve these goals, and allocating resources to implement those actions effectively. It's a structured approach that helps organizations adapt to changing environments, make informed decisions, and stay focused on their vision. Multiple Choice Question: Which of the following is a key characteristic of strategic planning? a) Short-term focus b) Reactive decision-making c) Adaptability to changes d) Limited consideration of resources
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Strategic planning involves setting long-term goals and objectives, determining the actions needed to achieve these goals, and allocating resources to implement those actions effectively. It's a structured approach that helps organizations adapt to changing environments, make informed decisions, and stay focused on their vision.
Multiple Choice Question:
Which of the following is a key characteristic of strategic planning?
a) Short-term focus
b) Reactive decision-making
c) Adaptability to changes
d) Limited consideration of resources
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