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What is strategic planning? Is strategic planning an effective or ineffective tool for organizations? What are the...

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Operations Management

What is strategic planning? Is strategic planning aneffective or ineffective tool for

organizations? What are the specific elements that makefor an effective strategic planning

process in organizations?

Answer & Explanation Solved by verified expert
4.1 Ratings (865 Votes)
Strategic planning can be said as a process of establishing a direction for the businessStrategic planning can be said an organizational process that is used to set priorities focus energy and resources strengthen operations ensure that employees and other stakeholders are working toward common goalsIt can be said as blueprint for long term planning of an organization for that is    See Answer
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