Final answer:
The statement that strategic planning has been abandoned by corporate America since the 1990s is false. Strategic planning continues to be vital across various sectors, and businesses regularly update their strategies to address new global challenges and market conditions.
Step-by-step explanation:
The statement suggesting that strategic planning has been cast aside by corporate America since the early 1990s is false. Strategic planning remains a core element of corporate management and decision-making. Companies continually adapt and improve their strategic planning processes to cope with new challenges, such as globalization, technological advancements, and changing market dynamics. For example, outsourcing and the rise of the internet have forced businesses to reconsider their strategies to maintain competitiveness.
Additionally, strategic planning in other sectors, like the military, continues to be an integral practice. The military uses strategic planning to maintain readiness and address global security concerns, often with a long-term perspective. In the business world, while the approaches towards strategic planning may evolve, the essential role it plays in guiding companies towards future success and sustainability is undiminished.