Asked by Michael Brownen on Sep 26, 2024
Verified
According to research evidence, what kind of impact does strategic planning have on business performance?
A) Inconclusive
B) Neutral
C) Positive
D) Negative
E) Marginal
Strategic Planning
A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives, and a sequence of steps to achieve them.
Business Performance
The analysis of a company's activities and outcomes, measuring its success against a set of predetermined objectives or benchmarks.
- Acknowledge the effect that strategic planning has on business outcomes and the critical role of strategic management for all individuals in an organization.
Verified Answer
MI
Michie Ignacioabout 19 hours ago
Final Answer :
C
Explanation :
Research shows that strategic planning has a positive impact on business performance. Studies have found that organizations with a strategic plan achieve better financial performance, have clearer goals and objectives, and are more likely to innovate and adapt to changing market conditions.
Learning Objectives
- Acknowledge the effect that strategic planning has on business outcomes and the critical role of strategic management for all individuals in an organization.
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