All of the following are true of strategic plans EXCEPT
A) must take into account the organization's capabilities and resources.
B) should be market-driven.
C) must take into account the changing business environment.
D) must take into account the organizational objectives.
E) can be developed by any manager in a firm.

Question

Quizplus · Accepted Answer

Since strategic plans establish the overall course of action by which a firm fulfills its mission, they are developed by a firm's highest managers. Strategic plans must take into account the organization's capabilities and resources, the changing business environment, and organizational objectives. Plans should be market-driven, matching customers' desire for value with operational capabilities, processes, and human resources.

All of the Following Are True of Strategic Plans EXCEPT