Q. The difference between annual and long-range plans versus a strategic plan is that the annual and long-range plans deal with the company’s current business and how to keep them going, while the strategic plan deals with: (Solved)
1. Functional activities
2. Global activities
3. Tactical decisions.
4. Adapting the firm to take advantage of opportunities in its constantly changing environment.
- d. Adapting the firm to take advantage of opportunities in its constantly changing environment.