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QUESTION 14 Which type of planning sets the goals and objectives for the long term, usually...

QUESTION 14

  1. Which type of planning sets the goals and objectives for the long term, usually more than 1-5 years into the future?

    Tactical

    Operational

    Strategic

    Contingency
Business   Accounting   
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Answer #1

Answer: Strategic Planning

Strategic planning includes a high-level overview of the business as a whole. It is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to go after this strategy. It deals with the big-picture view of an organiation, the long-term business goals.

Strategic planning starts at the high level management of an organization, It casts the foundational basis of the organization and dictates the long-term decisions.

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