Which of the following statements is true of strategic planning?
A)The goal of strategic planning is to create daily operational schedules for first-line workers.
B)Strategic planning does not require long-term commitments of resources.
C)A good strategic plan can help protect and grow a firm's resources.
D)Strategic planning does not cater to understanding customers and markets.

Question

Quizplus · Accepted Answer

The statement "A good strategic plan can help protect and grow a firm's resources" is true of strategic planning. The other options are false. Strategic planning focuses on long-term commitments of resources, understanding customers and markets, and creating overall direction for the organization, rather than daily operational schedules for first-line workers.

Which of the Following Statements Is True of Strategic Planning