Multiple choice

What is a Strategic Plan...?

  1. Short-term targets for daily, weekly, or monthly performance

  2. Shorter plans for implementing specific aspects of a company

  3. Definesthe work and business climate in an organization

  4. Long Term plans that focus on company priorities
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Strategic planning involves establishing long-term, broad goals and priorities for the entire organization, typically spanning three to five years or more. Shorter-term plans are classified as tactical or operational plans. Strategic plans guide the overall direction of the company rather than daily activities.

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