Strategic Planning Is the Managerial Process of Developing and Maintaining

question 260

True/False

Strategic planning is the managerial process of developing and maintaining a match between an organization's resources and its market opportunities.

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Definitions:

Lacks Voluntary Consent

A situation where agreement or permission is given under duress, coercion, or misinformation, undermining the validity of a contract or decision.

Motivational Conference

An event designed to inspire and energize attendees, often featuring speakers who share success stories, strategies, and motivational insights.

Implied Contract

An agreement derived from the actions or circumstances of the parties involved, rather than explicit words.

Objective Theory Of Contracts

A theory under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. Objective facts might include what a party said when entering into the contract, how a party acted or appeared, and the circumstances surrounding the transaction.