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vodka [1.7K]
10 months ago
9

planning is an essential part of managing an enterprise. a(n) select plan is developed as a guide during the planning process fo

r major policy setting and decision making.
Business
1 answer:
yaroslaw [1]10 months ago
4 0

planning is an essential part of managing an enterprise. "Strategic" plan is developed as a guide during the planning process for major policy setting and decision making.

What is Strategic plan?

Business executives use the process of strategic planning to determine the aims and objectives of their organisation as well as their long-term vision. Establishing the order in which these objectives should be accomplished can help the organisation achieve its stated vision. Although it can run longer, strategic planning frequently addresses objectives with a life cycle of three to five years. A business plan may cover a time frame of several years to several months.

Why is strategic planning important?

For firms, organisational direction and goals are crucial. Strategic planning offers that kind of guidance. A strategic plan essentially serves as a roadmap for accomplishing organisational goals. It is impossible to tell if a company is on track to achieve its goals without such guidance.

The following four factors should be taken into account when creating a strategy.

1) The mission

2) The goals

3) Alignment with short-term goals.

4) Evaluation and revision.

What are the steps in the strategic planning process?

Depending on the sort of business and the level of granularity necessary, there are a plethora of different approaches to strategic planning. These five steps can be used to outline most strategic planning cycles:

1) Identify

2) Prioritize

3) Develop

4) Implement

5) Update

To learn more about Strategic planning

brainly.com/question/17924318

#SPJ4

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Answer:

Explanation:

Multi step income statement is a more detailed way of reporting profit and loss compared to the single step as it entails the use of series of equation to arrive at the net income.

Workings

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and allowance

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8 0
3 years ago
Organizations that rely on a few major customers may organize their people and resources by client. This is an example of ______
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Any organization that organizes their people and resources by client because it relies on a few major customers shows an example of <u>customer departmentalization</u>.

<h3>What is departmentalization? </h3>

Departmentalization is an effort by an organization to achieve some common purpose, coordinate its effort, ensure division of labor, hierarchy of authority, and centralize/decentralize and formalize its operations.

There are four basic types of departmentalization (function, product, customer, and geography). Customer departmentalization depends on the difference between the customer segments so that specialized services could be offered to each segment.

Thus, such an organization is an example of <u>customer departmentalization</u>.

Learn more about departmentalization at brainly.com/question/25823018

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Answer:

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