Strategic planning primarily benefits a firm's managers by ________.

Question

Quizplus · Accepted Answer

Strategic planning establishes goals that the firm wants to achieve, which helps managers to focus their efforts and allocate resources effectively. It is not primarily focused on outlining firing procedures, creating hierarchies, or clarifying the supply chain network. While input from employees can be important in the strategic planning process, the primary beneficiaries are the managers who use the plan to guide their decision-making.

Strategic Planning Primarily Benefits a Firm's Managers by ________