Strategic planning can be defined as:
A) how each functional area will achieve its specific goals and objectives.
B) a procedure for allocating resources to appropriate functions in the organization.
C) taking big risks to maximize current period benefits.
D) an action plan to achieve specific long-term goals and objectives.
E) an action plan to achieve specific operational and tactical goals.

Question

Quizplus · Accepted Answer

Strategic planning involves creating an action plan to achieve specific long-term goals and objectives, focusing on the overall direction and priorities of the organization.

Strategic Planning Can Be Defined As