What Is the Most Critical Element in Successful Strategic Planning

question 104

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:

E-mail

A method of exchanging digital messages over the Internet, using a software application to compose, send, store, and receive messages.

Course of Performance

A term in contract law referring to the conduct between contracting parties that is consistent with their agreement, influencing future interpretations of the contract terms.

Course of Dealing

A sequence of actions or conduct between parties in a business or legal relationship that establishes a common basis for understanding future transactions.

Usage of Trade

Established practices, methods, or customs that are widely accepted and utilized in a particular industry or trade.