Question

Companies can make strategic planning more effective by: a. ​ensuring that decision making is centralized. b. ​making strategic planning an annual exercise. c. ​ensuring the participation of top management. d. ​focusing on short-run profitability and growth.

Answer 1

Answer:

c. ​ensuring the participation of top management.

Explanation:

Business strategy sets the overall direction for the business as it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

Basically, companies can make strategic planning more effective by ​ensuring the participation of top management.

This ultimately implies that, the top or executive management of a business firm or organization which typically comprises of various board of directors are to indulge in strategic planning and dissemination of essential information from top to bottom.