The manager of a rapidly growing small business is unsure about where the business will be in 3 to 5 years. She should focus on
A) business policies.
B) procedures.
C) budgets.
D) strategic plans.

Question

Quizplus · Accepted Answer

Strategic plans are long-term plans that outline a company's goals and objectives for the future. They provide a roadmap for the company to follow and ensure that all decisions and actions align with the overall vision for the business. Given the uncertainty about the business's future, focusing on creating a strategic plan would be the best way for the manager to ensure that the business is prepared for whatever lies ahead.

The Manager of a Rapidly Growing Small Business Is Unsure