In for-profit firms, strategic planning pertains to events in the external environment.

Name: In for-profit firms, strategic planning pertains to events in the external environment.
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Question

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Strategic planning in for-profit firms involves both the external environment (such as market trends, competition, and regulations) and the internal environment (such as resources, capabilities, and organizational structure) to set long-term goals and strategies.

In For-Profit Firms, Strategic Planning Pertains to Events in the External