Strategic plans are designed to
A) implement operational plans.
B) establish day-by-day procedures.
C) shape the destiny of the firm.
D) carrying out the functions of management.

Question

Quizplus · Accepted Answer

Strategic plans are designed to guide the overall direction and development of the organization, shaping its destiny and ensuring its long-term success. They focus on the allocation of resources, identification of competitive advantages, and achievement of goals and objectives. Operational plans, on the other hand, are designed to implement specific strategies and tactics, identifying day-to-day procedures and activities required to achieve the objectives set forth in the strategic plan. The functions of management refer to planning, organizing, staffing, directing, and controlling, which are carried out through both strategic and operational plans.

Strategic Plans Are Designed to