Strategic planning is a prediction of the future and it helps to monitor and assess whether the assumptions are still valid over time.

Question

Quizplus · Accepted Answer

Strategic planning is not merely a prediction of the future; it is a process of defining a strategy or direction, and making decisions on allocating resources to pursue this strategy. It involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. It does include monitoring and assessing to ensure the strategy remains valid over time, but it is more about preparation and adaptability than prediction.

Strategic Planning Is a Prediction of the Future and It