Question

The top management of hipster clothing decides to set up an online store to cater to the changing business environment and reach out to the hispanic market. the management also identifies that the success of the company will depend on its ability to create and develop new products and processes in the next two years. this is an example of

Answer 1

I they  create and develop new products and processes in the next two years. This is an example of strategic planning.

What is strategic planning?

Strategic planning can be defined as those goals and objective  a company or organization intend to achieve in the future.

Based on the given scenario the company is engaging in future Strategic planning as they  intend to develop new products and processes in the next two years.

Therefore this is an example of strategic planning.

Learn more about strategic planning here:brainly.com/question/24864915

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