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

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 is systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.Question 2Answera.true\'b.FALSE\'c.sured.unsure

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.

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)