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.
Question
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.
Solution
The correct answer is: achieve specific long-term goals and objectives for an organization.
Strategic planning is a process that determines the direction of an organization and outlines the steps needed to achieve its mission and vision. This involves setting long-term goals and objectives, and then developing an action plan to achieve them. It does not primarily focus on meeting supplier requirements, reducing long-term goals for short-term objectives, or matching competitor objectives.
Similar Questions
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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