Strategic Planning Tends to Be Long-Term and May Define Organizational

question 161

True/False

Strategic planning tends to be long-term and may define organizational action steps from two to five years in the future.

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Definitions:

Globalization

denotes the process by which businesses or other organizations develop international influence or start operating on an international scale.

Transnational Corporations

Corporations that operate across multiple countries beyond their original headquarters, influencing global trade and economic trends.

Overseas Operations

Business or military activities conducted outside of one's home country, often implying a cross-national or international scope.

Large Companies

Entities characterized by their significant number of employees, expansive operational reach, substantial market power, and considerable impact on the economy.