alleryStart learning →Strategic planning creates broad goals that cover which time frame?
ALess than one year
BThe current period
COne to five years
DSix to ten years
Answer & Solution
Correct answer: C. One to five years
1. Strategic planning creates long-range, broad goals for the organization and works out the resources needed to reach them.
2. The long range here is stated as one to five years.
3. Less than one year is the tactical horizon, and the current period is the operational horizon.
4. Six to ten years is longer than the range given for strategic plans, so it is not the answer.
5. Strategic plans are formulated by top-level managers and then put into action at lower levels.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 6 "Management and Leadership in Today's Organizations", section 6.2 Planning_
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