Development of a firm's mission is part of the operational planning process.

Question

Quizplus · Accepted Answer

Development of a firm's mission is part of the strategic planning process, not the operational planning process. Strategic planning focuses on long-term goals and the overall direction of the company, including the development of the mission statement. Operational planning, on the other hand, involves creating specific policies and procedures to implement the strategic plan in the short term.

Development of a Firm's Mission Is Part of the Operational