Because of the frequency with which world competition and information technology alter marketplace conditions, a company's ________ may have to be done closer to every 1 or 2 years than every 5.
A. management planning
B. strategic planning
C. tactical planning
D. operational planning
E. implementation planning
B. strategic planning
Strategic planning determines what the organization's long-term goals should be for the next 1-5 years with the resources they expect 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 1 or 2 years than every 5.
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