A Strategic Plan Typically Includes the History of How the Firm

question 20

True/False

A strategic plan typically includes the history of how the firm got to its current position and detailed financial calculations of the consequences of the firm's strategic decisions.

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Definitions:

Directed Thinking

Thought that is focused, goal-oriented, and follows logical steps towards a specific conclusion.

Mental Set

The perspective that a person takes and the assumptions he makes in approaching a problem.

Analogical Representation

A mental representation of one thing that is similar in some way to another; used in problem-solving and reasoning.

Propositions

Statements or assertions that express judgments or opinions which can be either true or false.