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NEW QUESTION: 1
What is strategic planning?
A. It consists of decisions to use parts of the organization's resources in specified ways.
B. It establishes the resources that the plan will require.
C. It establishes the budget for the organization.
D. It establishes the general direction of the organization.
Choice "a" is correct. Strategic planning is the creation of an overall strategic plan for an organization to
achieve its overall "business objectives." The strategic plan will establish the general direction of the
Choice "b" is incorrect. Strategic planning will not establish the resources that the plan will require.
The resources that the plan will require are part of the implementation of the strategic plan, not part of the
Choice "c" is incorrect. Strategic planning will not establish the budget for the organization.
Budgets are even further down implementing the plan than are the resources that the plan will require.
Choice "d" is incorrect. Strategic planning does not consist of decisions to use parts of the organization's
resources in specified ways. Again, these decisions are part of the implementation of the strategic plan,
not part of the plan itself.