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What is the primary purpose of strategic planning in management?
What is the primary purpose of strategic planning in management?
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Practice Questions
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Q1
What is the primary purpose of strategic planning in management?
To set short-term goals
To allocate resources efficiently
To define the organization's direction
To improve employee morale
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Strategic planning is essential for defining the long-term direction and goals of an organization.
Questions & Step-by-step Solutions
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Q
Q: What is the primary purpose of strategic planning in management?
Solution:
Strategic planning is essential for defining the long-term direction and goals of an organization.
Steps: 5
Show Steps
Step 1: Understand that strategic planning is a process used by organizations.
Step 2: Recognize that the main goal of strategic planning is to set long-term goals.
Step 3: Identify that strategic planning helps define the direction in which the organization wants to go.
Step 4: Realize that it involves analyzing the current situation and deciding on future actions.
Step 5: Conclude that strategic planning is important for guiding the organization towards its vision.
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