Although developing a strategic plan is important for large companies, it is not essential to managing a small company successfully because of its limited resources.

Question

Quizplus · Accepted Answer

Developing a strategic plan is important for managing a small company successfully as well, even though the resources may be limited. It helps in setting clear goals, identifying potential challenges, and making informed decisions for the growth and sustainability of the business.

Although Developing a Strategic Plan Is Important for Large Companies