Which of the following BEST describes a well-thought-out strategic pla

QUESTION

Which of the following BEST describes a well-thought-out strategic plan?

A) The strategic plan depends on daily or weekly schedules and focuses on specific departments or employees.
B) The strategic plan lays out what contributions each work unit can make over the next several years.
C) The strategic plan presents an analysis of current strengths, weaknesses, and anticipated changes within an organization.
D) The strategic plan reflects what is going on inside and outside the organization and how those conditions will affect the organization in the future.
E) The strategic plan provides a current description of the organization’s purpose, basic goals, and philosophies.

ANSWER

Answer: D
Explanation: D) The strategic plan needs to be developed with an eye to global markets, the economy, and potential competition, as well as anticipated internal and external resources. Thinking ahead about these uncertainties helps top management plan current as well as future actions.