Sarah is the business manager of a company manufacturing shoes.After a successful stint in the shoe industry,she begins to consider the viability of expanding the business to the leather bag industry.This is an example of ________.

Question

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Sarah is engaging in strategic planning, which involves analyzing the company's strengths and weaknesses and identifying opportunities for growth and diversification. This type of planning focuses on the long-term goals and direction of the company, as opposed to more specific and short-term operational or tactical planning.

Sarah Is the Business Manager of a Company Manufacturing Shoes