The executive officers including the President, Provost, Chief Financial Officer, and Vice President of Development of a private university spent approximately three months to develop a long-term plan for the university, which included their goals to build the endowment through a capital campaign and the amount of funds that should be made available to support the various areas of the university such as academics, athletics, and building and maintenance. This is an example of _____ planning.

Question

Quizplus · Accepted Answer

Strategic planning involves setting long-term goals and determining the resources and actions needed to achieve them, which aligns with the described activities of the executive officers in developing a long-term plan for the university, including goals for building the endowment and allocating funds across different areas.

The Executive Officers Including the President, Provost, Chief Financial Officer