Explain whether the following statement is true or false. The strategic planning process should...
Question:
Explain whether the following statement is true or false.
The strategic planning process should be a learning process for all managers and employees.
Strategic Planning:
Strategic planning relates to the process by which firms create goals and objectives that they wish to achieve within a specific period. It also includes a detailed plan on how operations will be executed to achieve the goals. This is vital to organizations because it helps them to focus their production processes in the right direction.
Answer and Explanation:
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View this answerThe above statement is true.
Managers refer to people within an organization who are responsible for overseeing the operations of different...
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Strategic Planning in Business | Definition & Example
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Chapter 16 / Lesson 14
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Learn about the strategic planning process in business, what it is and what it is not. Discover examples of goals, strategies, and tactics in a strategic plan.
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