A company's strategic planning may have to be done _____ due to frequently changing competition and technology.
A. every five years rather than every two years
B. every five years rather than every ten years
C. every ten years
D. continuously
E. closer to every one or two years than every five years
E. closer to every one or two years than every five years
Strategic planning determines what the organization's long-term goals should be for the next one to five years with the resources it expects to have available. Today, because of the frequency with which world competition and information technology alter marketplace conditions, a company's strategic planning may have to be done closer to every one or two years than every five years.
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