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What is strategic planning?
What is strategic planning?
- An annual assessment of shareholder satisfaction
- The ongoing process of documenting a business's intended direction (correct)
- A one-time meeting to discuss business goals
- A quarterly review of organizational resources
What is the primary purpose of strategic planning?
What is the primary purpose of strategic planning?
- To create a one-time business strategy
- To ensure goals are backed by data and sound reasoning (correct)
- To prioritize efforts without aligning shareholders and employees
- To allocate resources without considering organizational goals
How much time do 48 percent of leaders spend discussing strategy each month?
How much time do 48 percent of leaders spend discussing strategy each month?
- Two days
- More than three days
- Less than one day (correct)
- One week
What does the text emphasize about strategic planning?
What does the text emphasize about strategic planning?
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What percentage of organizations fail to meet at least half of their strategic targets?
What percentage of organizations fail to meet at least half of their strategic targets?
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What are some benefits of strategic planning for an organization?
What are some benefits of strategic planning for an organization?
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What percentage of leaders spend less than one day per month discussing strategy, according to research from Bridges Business Consultancy?
What percentage of leaders spend less than one day per month discussing strategy, according to research from Bridges Business Consultancy?
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How does the text describe strategic planning?
How does the text describe strategic planning?
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Why is it important to highlight that strategic planning is an ongoing process?
Why is it important to highlight that strategic planning is an ongoing process?
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According to the text, what must take place before an organization can reap the rewards of its business strategy?
According to the text, what must take place before an organization can reap the rewards of its business strategy?
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