Which of the following statements is true of strategic planning?

Question

Quizplus · Accepted Answer

A good strategic plan can help a firm protect and grow its resources by aligning its goals and actions with market opportunities and customer needs. Strategic planning is not focused on creating daily operational schedules (A) but is instead focused on long-term goals and resource allocation. Strategic decisions often require long-term commitments of resources, not short-term (B). Strategic planning should involve an understanding of customers and the market, so D is also incorrect.

Which of the Following Statements Is True of Strategic Planning