Mangement What are the key elements of a successful long-term strategic plan for a business ororganization?
Mangement What are the key elements of a successful long-term strategic plan for a business ororganization?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Mangement
What are the key elements of a successful long-term strategic plan for a business ororganization?
Expert Solution
Step 1: Define the term long-term strategic plan:
A long- term strategic plan is a comprehensive and forward- looking document or frame that outlines an association's overarching pretensions, objects, and strategies for achieving its charge and vision over an extended period, generally gauging several times or indeed decades.
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