What type of planning focuses on establishing an organization's long-term objectives, determining broad action steps, and allocating resources?

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Strategic planning focuses on setting long-term goals and developing plans to achieve them. This involves determining broad action steps and allocating resources, as well as assessing market trends and potential challenges to the organization's success. Operational planning is more focused on the day-to-day activities of the organization and ensuring that resources are utilized efficiently. Tactical planning is similar to operational planning but focuses on shorter-term actions to achieve specific goals. Contingency planning involves developing backup plans in case of unexpected events or crises.

What Type of Planning Focuses on Establishing an Organization's Long-Term