Strategic Planning Fundamentals

It can hinder managers' creativity and innovation if not flexible enough (correct)

It is unnecessary for business operations

It enhances creativity and innovation

It always leads to accurate forecasts

It leads to increased adaptability to new opportunities

It promotes creativity and innovation

It always results in accurate forecasts

It causes severe problems in the face of changed circumstances (correct)

It can be based on inaccurate forecasts (correct)

It is always flexible and adaptable

It is unnecessary for business operations

It always leads to accurate forecasts

<p>It takes managers' time away from other responsibilities</p> Signup and view all the answers

<p>Because the costs and benefits need to be balanced</p> Signup and view all the answers