Strategic Planning Defined: the Process of Developing and Maintaining a Strategic

question 18

True/False

Strategic planning defined: The process of developing and maintaining a strategic fit between the organization's goals and capabilities and its changing marking opportunities.

---

Definitions:

Budget Coordination

The process of ensuring all parts of an organization's budget align with its strategic and operational goals.

Large Company

A corporation that typically has a high level of capitalization, extensive operations, a large number of employees, and generates a significant amount of revenue.

Sales Forecast

An estimate of the quantity of goods or services that will be sold in a future period.

Budget Committee

A group of individuals responsible for overseeing the creation and management of an organization's financial plan or budget.