MANAGEMENT

Detailed explanation-1: -The above statement is false. The process under which an organization works according to the chosen strategy or predetermined plan is known as strategy implementation. It is not related to deciding what has to be done but doing what is already decided.

Detailed explanation-2: -Strategic planning is a process that outlines the direction of an organization. It identifies how an organization will allocate their resources to achieve a desired future state while positioning itself to be competitive within the industry.

Detailed explanation-3: -A Strategy is a special plan made to achieve a market position and to reach the organizational goals and objectives, but Policy refers to a set of rules made by the organization for rational decision making. Many people have confusion regarding the two terms, but they are not alike.

Detailed explanation-4: -Solution(By Examveda Team) Strategic planning is long term planning. Strategic planning is based on establishing a long-term plan to achieve a specified mission, through the attainment of broad-ranging objectives.