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Strategic planning relates to planning for:Group of answer choices1 year.3 years.3 to 5 months.3 to 5 years.

Question

Strategic planning relates to planning for:Group of answer choices1 year.3 years.3 to 5 months.3 to 5 years.

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Solution

Strategic planning typically relates to planning for 3 to 5 years. This time frame allows organizations to set long-term goals and determine the resources and actions needed to achieve these goals. It's a period that is long enough to be meaningful for strategic direction, but not so long that it becomes impossible to predict market or competitive conditions.

Similar Questions

What does the strategic planning process relate to? A. Shorter term planning (usually less than 1 year). B. Shorter term planning (usually 1-3 months). C. Large entities only. D. Longer term planning (often 3-5 years)

10. Strategic planning is ___________. A. long term planning B. medium term planning C. short term planning D. annual planning

Strategic planning:Question 18Select one:a.does not provide a workable solution and does not meet the stated objectives.b.is long range planning to set organizational goals, objectives, and policies to determine strategies, tactics, and programs for achieving them.c.is a one time plan developed for a single occasion or purpose.d.cannot be adapted to a change in the situation

Strategic planning provides organizations a way to:Multiple choice question.meet requirements from suppliers.achieve specific long-term goals and objectives for an organization.reduce long-term goals and focus on short-term objectives.match organization objectives to the objectives of competitors.

Strategic planning can be defined asMultiple Choicean action plan to achieve specific long-term goals and objectives.how each functional area will achieve its specific goals and objectives.an action plan to achieve specific operational and tactical goals.a procedure for allocating resources to appropriate functions in the organization.taking big risks to maximize current period benefits.

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