Vidyalelo
Management · Q64

Strategic Management

Graduate and Post Graduate · Management · question 64

Q64

Which of the following statements is false? Formal strategic planning

A.
implies determined actions for achieving objectives
B.
is a time consuming process
C.
should develop clear and rigid plans for the organization to implement
Answer
D.
is most applicable in stable environments

Answer: Option C

Solution

Answer: Option C
Solution:
Formal strategic planning should develop clear and rigid plans for the organization to implement is a false statement. Formal strategic planning is the most sophisticated form of plan- ning. It implies that a firm's strategic planning process involves explicit systematic. procedures used to gain the involvement and commitment of the stakeholders. most affected by the plan.