Which of the following is not a characteristic of the strategic management procedure for a small company?
A)It should use a relatively short planning horizon (i.e., two years or less, typically).
B)It should begin with an extensive objective-setting session.
C)It should encourage the participation of employees and even outsiders to improve the reliability and creativity of the resulting plan.
D)It should allow for flexibility and not be overly structured.

Question

Quizplus · Accepted Answer

While objective-setting is an important part of the strategic management process for any organization, it may be less extensive for a small company with limited resources and a shorter planning horizon. In a small company, the emphasis may be on identifying key priorities rather than setting multiple objectives.

Which of the Following Is Not a Characteristic of the Strategic