Strategic thinking is more important in for-profit businesses than for nonprofit organizations.

Question

Quizplus · Accepted Answer

Strategic thinking is equally important for nonprofit organizations as it is for for-profit businesses. Nonprofits need to set specific goals, develop strategies to achieve those goals, and make informed decisions to allocate resources effectively. In fact, strategic thinking is essential for nonprofits to maximize their impact and achieve their social mission.

Strategic Thinking Is More Important in For-Profit Businesses Than for Nonprofit