Question

The upper-level managers of Castle Rock Industries are meeting for the week to look at the long-term company goals and overall direction of the organization. The CEO has expressed his concern over the economy and has told his managers to look closely at the environment outside the organization before making decisions and to be future oriented. In this meeting, top managers of Castle Rock are:_________.

Answer 1

Answer: Doing strategic planning

Explanation: Strategic Planning is the method of describing its high degree plan to accomplish more goals under circumstances, of skepticism or general purpose and making a selection of a course of action among several alternative likelihoods on distributing its resources to pursue this technique. It is carried out by a number of people with a duty for creation and carrying out a strategy that includes many groups and study sources in their detailed examination of the company and its connection to the surroundings in which it rivals.