Choose a field that interests you and write a strategic plan that would benefit a company operating within your chosen field. Use SMART goals to aid your planning.

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.

Identify an advantage of having strategic plans made by a firm at all levels.Multiple choice question.It helps set a firm's culture which in turn helps decide the type of employees to hire.It helps decide the structure that a firm should adopt to be successful.It helps decide the infrastructure required to run the operations of a firm.It takes into account the business environment, economic conditions, market opportunities, and competitor actions.

The primary mechanisms through which companies translate strategic plans into action are:Group of answer choicesStatements of vision and mission.Operating plans and capital expenditure budgets.CEO leadership.Resolutions by the board of directors.

write in your words the importance of the business plan:

Which of the following tasks is not part of strategic planning?Question 15Answera.Developing detailed project schedules and timelines.b.Managing the businesses as an investment portfolio. c.Assessing the market’s growth rate and the company’s position in that market.