Strategic planning is high-level, long-term planning that establishes a vision for the company, defines long-term objectives and priorities, determines broad action steps, and allocates resources.

Question

Quizplus · Accepted Answer

The statement accurately describes strategic planning as a high-level, long-term planning process that involves establishing a vision for the company, defining objectives and priorities, determining action steps and allocating resources.

Strategic Planning Is High-Level, Long-Term Planning That Establishes a Vision