What is the first step in the strategic planning process?

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Setting goals and objectives

Analyzing the external environment

Developing an action plan

Monitoring progress

Which of the following is NOT a characteristic of effective operational planning?

Flexibility

Alignment with strategic goals

Clear communication

Regular monitoring and evaluation

Adherence to budget constraints

What is the purpose of a SWOT analysis in strategic planning?

Which of the following is NOT a component of operational planning?

Setting long-term goals

Developing action plans

Allocating resources

Establishing performance metrics

Monitoring progress

What is the purpose of a mission statement in strategic planning?

To define the organization's purpose and reason for existence

To outline specific goals and objectives

To identify target markets and customers

To describe the organization's products or services

Which of the following is NOT a benefit of operational planning?

Improved resource allocation

Enhanced coordination and communication

Increased employee motivation

Better decision-making

Reduced operational costs

What is the final step in the strategic planning process?

Monitoring progress and making adjustments

Setting goals and objectives

Analyzing the external environment

Developing an action plan

What is the difference between strategic planning and operational planning?

What is the purpose of an action plan in operational planning?

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