The CEO and the board of directors at a large multinational company meet once a quarter to review the long- and short-term goals of the company and to make changes as required. They are engaged in ________ planning.

Question

Quizplus · Accepted Answer

Strategic planning involves setting long-term goals and determining the best approaches to achieve those goals. The scenario described involves reviewing and adjusting long- and short-term goals, which is characteristic of strategic planning.

The CEO and the Board of Directors at a Large