Match each term with the correct statement below.
-the process by which an organization makes decisions and takes action to enhance its long-run performance
A) strategic planning
B) strategic plan
C) strategic analysis
D) strategy formulation
E) strategy implementation
F) strategic evaluation and control

Question

Quizplus · Accepted Answer

Strategic planning is the process through which an organization defines its strategy or direction and makes decisions on allocating its resources to pursue this strategy, aiming to enhance its long-run performance.

Match Each Term with the Correct Statement Below