Strategic plans require managers to emphasise products that generate the highest short-term profit.

Question

Quizplus · Accepted Answer

Strategic plans are long-term plans that focus on achieving overall organizational goals and objectives. While short-term profits may be a consideration in developing a strategic plan, the emphasis is on long-term sustainability and creating value for stakeholders over time, not just maximizing short-term profits.

Strategic Plans Require Managers to Emphasise Products That Generate the Highest