Which of the following is true about strategic planning?
A) It is analogous to short-range planning.
B) It is the planning process applied at the highest levels of the organization.
C) It concentrates on the formulation of functional plans.
D) It is done primarily by lower-level managers.
E) Production schedules are an example of strategic planning.

Question

Quizplus · Accepted Answer

Strategic planning is the planning process applied at the highest levels of the organization, focusing on long-term goals and objectives. It is different from short-range planning (A) which focuses on immediate goals and objectives. The formulation of functional plans (C) is a part of the strategic planning process but not the only focus. Lower-level managers may be involved in the process, but it is primarily done by top-level management (D). Production schedules (E) are an example of operational planning, which is a part of short-range planning.

Which of the Following Is True About Strategic Planning