GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -The results of strategic planning are goals and strategies that guide the entire business. Most of the operational planning in a business is the responsibility of middle-level managers and supervisors. Goals should be stated in broad, nonspecific language to make them easier to reach.
Detailed explanation-2: -The purpose of strategic planning is to set overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.
Detailed explanation-3: -In order to be effective, a business plan should always be in writing. Effective planning is less important to the success of a business than other management functions, such as organizing, implementing, and controlling. The results of strategic planning are goals and strategies that guide the entire business.
Detailed explanation-4: -Operational planning is short-term planning that identifies specific activities for each area of the business.