GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Top management
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Middle level management
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Supervisory level management
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None of these
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Detailed explanation-1: -Strategic planning is done by top managers of the firm.
Detailed explanation-2: -The widely accepted theory of corporate strategic planning is simple: using a time horizon of several years, top management reassesses its current strategy by looking for opportunities and threats in the environment and by analyzing the company’s resources to identify its strengths and weaknesses.
Detailed explanation-3: -Since it involves various aspects of planning it is done by top level managers of organisation.
Detailed explanation-4: -Strategic planning is used in light of achieving big goals in the long term. It is more of a high-level planning done by the top-level managers in the organisation. Such kind of planning is used for starting a business. A strategic plan includes the vision and mission of the company.