Question
Which type of planning is typically focused on the
long-term objectives of an organization?Solution
Strategic planning is the type of planning that is typically focused on the long-term objectives of an organization. This type of planning involves defining the organization's vision, mission, and goals, and developing strategies to achieve those goals over a period of several years. Strategic planning usually involves top-level management and requires a thorough analysis of the organization's external and internal environment. It considers factors such as market trends, customer needs, competition, technology, resources, and capabilities to develop a comprehensive plan for the future.
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