Question

Which one of the following statements reflects how strategic planning is done today?

a. To ensure better implementation, companies are separating tactics and strategy.
b. Most companies focus on making fixed five-year plans and more flexible shorter plans.
c. Effective strategic planning encourages ideas to surface anywhere in the organization and at any time.
d. Reflecting the greater uncertainty in the world, strategic plans tend to be more detailed and longer.

Answer 1

The statement that reflects how strategic planning is done today is effective strategic planning encourages ideas to surface anywhere in the organization and at any time.Effective strategic planning encourages ideas to surface anywhere in the organization and at any time. This statement reflects how strategic planning is done today.What is strategic planning?Strategic planning is a management process for creating a path to follow in order to attain specific goals and objectives. It is used by businesses and organizations to develop goals, action plans, and procedures for achieving those goals. Strategic planning is critical in businesses because it helps them to concentrate their efforts and resources on the most critical issues and opportunities.