Which of the following explains the value in strategic planning?

A) An organization comes to understand its markets and its competitors.
B) An organization becomes aware of the changing marketplace environment.
C) Organizational partners are better able to communicate and coordinate activities.
D) Helps managers better allocate time and resources.
E) All of the above.

Question

Paola Arenas · Accepted Answer

Final Answer : E, Explanation :  Strategic planning provides multiple benefits, including understanding markets and competitors, awareness of changes in the market environment, improved communication and coordination among partners, and better allocation of time and resources.

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