A Business Plan (Scenario)
Imagine that you are the owner of a small company that sells typewriters, business equipment, and computer hardware. You employ about 40 people. You know that the organization needs to move in a different direction, and you want to set some long- term goals for the company. You want to write a plan that will cover the next three years only, knowing that business needs change somewhat frequently. Your goal is to write a plan that provides direction but does not contain extremely
well- defined, potentially restrictive objectives.
-Your plan will cover the entire organization. This characteristic is most consistent with what type of plan?
A) Standard
B) Long term
C) Strategic
D) Specific

Question

Quizplus · Accepted Answer

The plan that covers the entire organization and provides direction without being too specific is most consistent with a strategic plan. Strategic plans usually cover a longer period (such as three years) and set goals for the entire organization rather than specific departments or individuals. Additionally, strategic plans focus more on overall direction and less on specific tasks or objectives.