What Is the Most Critical Element in Successful Strategic Planning

question 161

Multiple Choice

What is the most critical element in successful strategic planning?

• A) Creativity
• B) Top management support and participation
• C) Continual attention
• D) The use of a BCG portfolio matrix
• E) A stringent and narrow mission statement

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Definitions:

Key Organizational Members

Key organizational members refer to individuals within an organization who play pivotal roles due to their positions, expertise, or influence, significantly impacting decision-making, strategy, and overall success.

Empowerment at Work

The process of giving employees more autonomy, authority, and control over their work and decision-making processes.

Refund

The act of returning money previously paid for a product or service, usually due to dissatisfaction or a defect.

Authority

Involves the right or power to give orders, make decisions, and enforce obedience within an organizational or social context.