Which of the following statements is true of effective strategic planning?
A)Subordinates must persuade the management to accept their demands.
B)Managers should challenge assumptions about the firm and the environment.
C)Sound strategic planning is based on trial and error method of effective execution.
D)Companies should refrain from establishing new strategies to improve productivity.

Question

Quizplus · Accepted Answer

Effective strategic planning involves challenging assumptions about the firm and the environment to facilitate better decision making. It also requires aligning the organization's resources with its goals and objectives. Subordinates should not coerce management into accepting their demands, and trial and error should not be the basis for sound strategic planning. Similarly, companies must continue to establish new strategies to improve productivity and overall performance.

Which of the Following Statements Is True of Effective Strategic