Strategic Planning Can Be Defined As

question 4

Multiple Choice

Strategic planning can be defined as:

• A)how each functional area will achieve its specific goals and objectives.
• B)an action plan to achieve specific operational and tactical goals.
• C)a procedure for allocating resources to appropriate functions in the organization.
• D)taking big risks to maximize current period benefits.
• E)an action plan to achieve specific long-term goals and objectives.

---

Definitions:

Contingencies

Situations or conditions that are dependent on other events which may or may not happen, often influencing decision-making and planning.

Labour Market

The supply of available workers in relation to available work.

Job Satisfaction

Job satisfaction is the level of contentment employees feel towards their work, which impacts their performance and well-being.

Turnover

The rate at which personnel vacate their positions within a company and are succeeded by new recruits.