What type of planning is conducted at the highest levels of management and deals with products, capital, research, and the long - and short-term goals of a company?

Question

Larry Hansen

Business

10 October, 18:14

What type of planning is conducted at the highest levels of management and deals with products, capital, research, and the long - and short-term goals of a company?

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Answers (1)

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Reece Perkins · Answer 1

Strategic planning

Explanation:

Strategic planning is a plan carried out at the top echelon of the management of an organisation, it defines the long term vision of an organisation, provides directions and deploy resources required to achieve the long term goals of the organisation.

Strategic planning has to do with defining the strategic business focus of the business, raising the required finance, and ensuring the plans are put into operation by the relevant level of management and it is consistent with the strategic plan.