Asked by Faith Granville on Apr 26, 2024
Verified
The three levels of strategic planning are corporate,business unit,and functional.
Strategic Planning
A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.
Corporate
Pertaining to corporations, encompassing their formation, operating strategies, and management structures.
Business Unit
A segment of a company that operates independently with its own objectives and strategies, often focusing on a specific product line or market.
- Comprehend the function of strategic planning in realizing long-term objectives and goals.
Verified Answer
ME
Mehdi EssiferApr 26, 2024
Final Answer :
True
Explanation :
This statement is true. The three levels of strategic planning are corporate, business unit, and functional. Corporate level involves setting the overall direction and goals for the entire organization, business unit level involves developing strategies for specific divisions or subunits within the organization, and functional level involves developing strategies for individual departments or functions within the organization.
Learning Objectives
- Comprehend the function of strategic planning in realizing long-term objectives and goals.