The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called ________.
A)strategic planning
B)strategic delegation
C)organizational design
D)product planning

Question

Quizplus · Accepted Answer

Strategic planning is the process by which managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives. Strategic delegation refers to assigning decision-making authority to others in the organization. Organizational design involves defining the structure of the organization and how it functions. Product planning is the process of creating and developing new products or services.

The Process by Which a Firm's Managers Evaluate the Future