Strategic Planning Is Best Defined as the Process Of

question 88

Multiple Choice

Strategic planning is best defined as the process of:

• A) creating long-term goals for the organization as a whole.
• B) developing objectives that specify how each department will support organizational goals.
• C) planning what to do if the original plans or objectives set by an organization don't work out.
• D) accurately linking operational planning with financial planning.

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Definitions:

Technological Developments

Advancements and innovations in technology that affect productivity, efficiency, and economic growth.

Inventive Activities

The acts of creating or designing new products or processes, especially those that lead to technological advancement.

Property Right

A legal right or interest that an individual has in a defined property, including rights to use, sell, or lease it.

Production Processes

The methods, techniques, and sequences involved in manufacturing a product or providing a service from raw materials or inputs.