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7. Strategic planning is vitally important to business success. True False

7. Strategic planning is vitally important to business success.
True
False

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Answer #1

Strategic planning in simple terms is the planning with a clear goal set for how to achieve it by proper directing, coordinating and leadership.

It is very different from planning only.

It involves all the necessary steps that must be taken for any business to success.

The strategy clearly defines not only goals but with proper steps for how to proceed towards it in the best possible way

So in today's cut-throat competition in the market, a business cannot ignore the strategic planning for its success

TRUE.

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