Knowee
Questions
Features
Study Tools

Strategic planning relates to planning for:Group of answer choices1 year.3 years.3 to 5 months.3 to 5 years.

Question

Strategic planning relates to planning for:

  • 1 year.
  • 3 years.
  • 3 to 5 months.
  • 3 to 5 years.
🧐 Not the exact question you are looking for?Go ask a question

Solution

Strategic planning typically involves setting long-term goals and outlines the direction of an organization over an extended period. Based on common practices in strategic management, here’s an analysis of the options provided:

  1. 1 Year - This timeframe is generally considered too short for strategic planning as it leans more towards operational or tactical planning, which is focused on the immediate future.

  2. 3 Years - While a three-year planning horizon can incorporate some strategic aspects, it is often still considered a shorter-term planning period.

  3. 3 to 5 Months - This period is generally used for tactical or operational planning rather than strategic planning. It focuses on immediate needs and short-term objectives.

  4. 3 to 5 Years - This option is widely accepted as the standard duration for strategic planning. It allows organizations to define their long-term vision, objectives, and the strategies needed to achieve them over a reasonable planning horizon.

Based on this analysis, the most accurate answer is 3 to 5 years as the period for strategic planning. This timeframe allows organizations to assess their environment, set goals, and allocate resources essential for long-term success.

This problem has been solved

Similar Questions

10. Strategic planning is ___________. A. long term planning B. medium term planning C. short term planning D. annual planning

Aggregate operations planning usually covers a period ofMultiple Choice12 months.3 to 5 years.4 to 8 weeks.5 to 7 days.

One important activity of strategic managers is strategic planning. Describe fourcharacteristics of this activity.

What type of plan is a long-term goal that affects many parts of an organization?ResponsesStrategicStrategicFunctionalFunctionalManagementManagementContingency

The numbers used in strategic planning are approximations and they tend to be complex.Select one:TrueFalse

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.