A business plan is usually formalized by means of which of the following management activities?

Question

Quizplus · Accepted Answer

A business plan is usually formalized through strategic planning, which is the process of setting the long-term direction and goals of the organization. The business plan outlines how the organization will achieve these goals and is a roadmap for future decision making. Directing, motivating, and controlling are important management activities, but they are not directly involved in creating a business plan.

A Business Plan Is Usually Formalized by Means of Which