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

Break Down the Problem

1. Identify what strategic planning refers to within the context of organizational management.
2. Analyze the options provided to determine which one aligns with the definition of strategic planning.

Relevant Concepts

• Strategic Planning: A long-term process where organizations define their direction and make decisions on allocating resources to pursue this strategy.

Analysis and Detail

1. Long Term Planning (Option A): This generally entails setting goals that are far into the future, often 3-5 years or more, aligning closely with the concept of strategic planning.
2. Medium Term Planning (Option B): Typically covers a shorter timeframe (1-3 years) but does not characterize the essence of strategic planning.
3. Short Term Planning (Option C): Involves planning that is focused on immediate goals and activities, contrary to the broader scope of strategic planning.
4. Annual Planning (Option D): This hinges on yearly objectives and does not reflect the overarching vision of strategic initiatives.

Verify and Summarize

• The definition of strategic planning aligns most closely with long-term planning, as it encompasses the development of a vision for a longer period.

Final Answer

A. long term planning