How often should a company revise its strategic plan?

Name: How often should a company revise its strategic plan?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Strategic planning determines what the organization's long-term goals should be for the next one to five years with the resources it expects to have available. Today, because of the frequency with which world competition and information technology alter marketplace conditions, a company's strategic planning may have to be done closer to every one or two years than every five years.

How Often Should a Company Revise Its Strategic Plan