In most large companies the strategic planning cycle begins with:
A)Top management setting strategic priorities
B)Business units developing business plans
C)The financial requirements set by investors and the stock market
D)Guidelines developed by the board of directors

Question

Quizplus · Accepted Answer

The strategic planning cycle in most large companies typically begins with top management setting strategic priorities. This involves defining the organization's mission, vision, and values, identifying the key opportunities and challenges facing the business, and determining the overall direction and goals of the company. Once these priorities are established, business units can develop their own plans and initiatives in alignment with the broader strategic direction. While financial requirements, board guidelines, and investor expectations may also play a role in the planning process, they typically come after the initial strategic priorities have been set by top management.

In Most Large Companies the Strategic Planning Cycle Begins With