Strategic Planning May Not Make Sense for an Organization That

question 49

Multiple Choice

Strategic planning may not make sense for an organization that ______.

• A) is performing well
• B) is in a state of crisis
• C) has fewer than 50 employees
• D) has been in existence for a long period of time

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Definitions:

Basic Research

Investigation into fundamental principles and theories without immediate commercial applications, aimed at expanding knowledge or understanding.

Scientific Discoveries

are findings or breakthroughs that significantly advance knowledge, often leading to new technologies, methods, or understandings in various fields.

Industrial Policy

Government strategies aimed at improving the competitive position and capabilities of domestic industries and firms.

Taxes, Subsidies, and Regulations

These are tools used by governments to influence economic activity. Taxes are levies on income or purchases, subsidies provide financial support, and regulations set rules for how businesses can operate.