GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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is short-term planning
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determines how work will be done and who will do it
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short specific statement of purpose
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provides broad goals and direction for the business
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Detailed explanation-1: -Strategic planning is a process that organizations use to determine their goals and objectives. Strategic planning is usually used for long-term operations, while tactical and operational planning are used in short-term goals and resource projection.
Detailed explanation-2: -1) Strategic planning provides clarity, direction, and focus for your organization. The primary purpose of strategic planning is to define goals for your organization and create a plan to achieve them. Doing so involves stepping away from the inner workings of your organization and looking at the bigger picture.
Detailed explanation-3: -Strategic goals are the specific financial and non-financial objectives and results a company aims to achieve over a specific period of time, usually the next three to five years.
Detailed explanation-4: -Strategic direction refers to the plans that need to be implemented for an organisation to progress towards its vision and fulfil its goals. It ensures owners and management can communicate the importance of employees work and their contribution to achieving business objectives.