Which of the following is the best reason for why strategic planning is still important today?

Question

Which of the following is the best reason for why strategic planning is still important today?

Without a formal strategic plan a company cannot expect to compete effectively
Without a strategic plan an organization can drift without purpose or definition
Without it, companies would exist without cause or co-ordination
Because of slower economic growth, globalization and technological change

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

Related Questions

Strategic Planning factors do not include which of the following?

1 Answers 4 Views

Which of the following statements is false Formal strategic planning?

1 Answers 8 Views

Which of these is not a reason for why employees resist the implementation of strategic changes?

1 Answers 4 Views

In operating income strategic analysis, strategic component which measures change in cost attributed to price of input in current year, relative to price of input material in last year can be classified as?

1 Answers 4 Views

In operating income strategic analysis, strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as?

1 Answers 5 Views

Today's workforce has a new set of social values. Ten years ago, a manager who was offered a promotion in a distant city would not have questioned the move. Today, a manager in that same situation might choose family happiness instead of career advancement. This paragraph best supports the statement that?

1 Answers 6 Views

The most important reason why summers in the Southern Hemisphere are not warmer than summers in the Northern Hemisphere is that:?

1 Answers 5 Views

The Timariots Governors and the Revenue Contractors, on their part reason in this manner: "Why should the neglected state of this land create uneasiness in our minds and why should we expend our money and time to render it fruitful We may be deprived of it in a single moment, and our exertions would benefit neither ourselves nor our children." This statement was made by?

1 Answers 6 Views

Why is strategic management important?

1 Answers 4 Views

Assertion (A): In human body liver has an important role in fat digestion.Reason (R) : Liver produces two important fat digesting enzymes.Codes?

1 Answers 5 Views

AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

Answer: Option 4

Strategic planning is still important today because A critical success factor (often abbreviated “CSF”) may sound complicated, but it's actually a pretty simple concept. Strategic planning is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives for the organization.