Within a company, who is most likely to perform strategic planning?
A) the president and vice presidents
B) the accounting and finance departments
C) the marketing and sales departments
D) cross-functional teams of divisional managers close to their markets
E) the manufacturing and production departments

Question

Quizplus · Accepted Answer

Strategic planning is typically the responsibility of senior leaders within an organization, but it is also a collaborative process that involves input from various stakeholders across the company. Cross-functional teams of divisional managers who are close to their markets are best positioned to develop strategic plans that take into account the needs and goals of different departments and functional areas. These teams can draw on their expertise in marketing, sales, finance, and other areas to develop a comprehensive strategy that aligns with the company's overall objectives. Involving a range of stakeholders in the strategic planning process can also help to ensure buy-in and commitment to the plan, which is critical for successful implementation. While the president and vice presidents may provide overall guidance and direction for the strategic planning process, it is typically the cross-functional teams that are responsible for developing the plan itself.

Within a Company, Who Is Most Likely to Perform Strategic