Question

A timeline for a strategic plan can be as long as 10 years. However, the timeline for a strategic plan for a company is generally a. a maximum of one year. b. a minimum of one year. c. one to two years. d. five years. e. seven years.

Answer 1

Answer:

The correct answer is C

Explanation:

Strategic planning is defined as the document which reflect or states how the plans of the company to function as well as grow over the period of time, which mostly 3- 5 years. This is grounded on the mission statement, goals and core values.

In the strategic planning process, there is no specific timeline which need to be followed, but most of the business usually have the plan for 1-2 years or 2-3 years and others create a fresh plan annually.