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What is the primary goal of strategic planning in a business?

Practice Questions

Q1
What is the primary goal of strategic planning in a business?
  1. To increase employee productivity
  2. To outline the company's long-term vision and direction
  3. To improve customer service
  4. To reduce operational costs

Questions & Step-by-Step Solutions

What is the primary goal of strategic planning in a business?
  • Step 1: Understand that strategic planning is a process used by businesses.
  • Step 2: Recognize that the main purpose of this process is to set long-term goals for the company.
  • Step 3: Identify that these goals are what the company wants to achieve in the future.
  • Step 4: Learn that strategic planning also involves figuring out the best ways to reach these goals.
  • Step 5: Conclude that the primary goal of strategic planning is to create a clear path for the company's future success.
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