Identify the type of planning used to develop multiple-year plans based on a situational analysis, competitive assessments, and external factors of the organization.
a. Operational planning
b. Functionalplanning
c. Strategic planning
d. Contingency planning
c. Strategic planning
Strategic planning is a process that helps managers identify desired outcomes and formulatefeasible plans to achieve their objectives by using available resources and capabilities. Organizations develop multiple-year plans based on a situational analysis, competitive assessments, consideration of factors external to the organization, and an evaluation of strategic options.
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