Strategic plans are comprehensive outlines that take into consideration an organization's capabilities and resources to achieve long-term goals. They are not limited to short-range objectives, do not directly implement activities specified in tactical plans, typically cover periods longer than two to six months, and are usually developed by higher levels of management.

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Strategic Plans

Question 27

Multiple Choice

Strategic plans:

A) establish the short-range objectives of an organization.
B) must take into account an organization's capabilities and resources.
C) are designed to implement the activities and objectives specified in the tactical plans.
D) generally cover periods ranging from two to six months.
E) must be developed by an organization's lower management.

Correct Answer: