The process of developing and maintaining a strategic fit between the organisation’s goals and capabilities and its changing market opportunities is known as...a.long-range planningb.annual market planningc.strategic planningd.ahort-term planninge.SBU 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.

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

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

The stage of strategic management that involves the planning and decision making that lead to the establishment of the organisation’s goals and of a specific strategic plan is termed:Question 3Answera.strategy initiationb.strategy implementationc.strategy executiond.strategy formulatione.none of these choices

The process of strategic management is a/an one that changes as the organisational goals and objectives evolvea.Continuousb.Interestingc.Systematicd.Stable