Strategic planning in a multidivisional corporation
A) should be informal to allow complete understanding by the many participants.
B) should be instigated only from the main corporate office.
C) should be accomplished quickly to decrease the likelihood of it becoming outdated.
D) should encourage a clear delineation between top management and lower-level managers.
E) should be a formalized and sophisticated system.

Question

Quizplus · Accepted Answer

Strategic planning in a multidivisional corporation should be a formalized and sophisticated system to ensure that all divisions are aligned with the overall corporate strategy and goals. It should involve top management and lower-level managers to foster collaboration and ensure full understanding and commitment to the plan. It should also be regularly reviewed and updated to reflect changes in the market and internal factors.

Strategic Planning in a Multidivisional Corporation