_____ is the managerial process of creating and maintaining a fit between the organization's objectives and resources and evolving market opportunities.
A) Tactical management
B) The market audit
C) Functional planning
D) Environmental scanning
E) Strategic planning

Question

Quizplus · Accepted Answer

Strategic planning is the managerial process of aligning an organization's objectives and resources with the changing market opportunities over time. This involves analyzing the external environment, identifying internal strengths and weaknesses, and creating a long-term plan for the organization to achieve its goals. Tactical management refers to the implementation of specific actions within the strategic plan, while functional planning is focused on developing plans for specific departments or functions within the organization. The market audit and environmental scanning are both components of the strategic planning process.

_____ Is the Managerial Process of Creating and Maintaining a Fit