Question

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as:

a) Tactical Planning
b) Operational Planning
c) Strategic Planning
d) Contingency Planning

Answer 1

Strategic planning is the set of decisions and actions used to develop and implement strategies in order to achieve organizational goals.

Step-by-step explanation:

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as strategic planning.

Strategic planning is the process of determining an organization's long-term objectives and goals, and then devising a plan to achieve them. It involves analyzing the organization's internal and external environment, identifying opportunities and threats, setting priorities, and allocating resources accordingly.