Q. Strategic planning: (Solved)
1. Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.
2. Involves managers in each unit of an organization who are responsible for achieving the unit's objectives within a specified period of time.
3. Looks specifically at resources, finances, and market conditions to determine ways to accomplish the overall plans of the organization.
4. Determines the day-to-day operations within an organization.
- a. Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.