High- and low-performing firms have many similarities and differences in their long-range planning efforts.

Question

Quizplus · Accepted Answer

High- and low-performing firms may share some similarities in their approach to long-range planning, such as the use of strategic planning tools or the involvement of top management. However, they often differ significantly in the effectiveness, thoroughness, adaptability, and execution of these plans, which can contribute to their performance outcomes.

High- and Low-Performing Firms Have Many Similarities and Differences in Their