which of the following describes a strategic plan
the purpose vision mission and values of an organization
the analysis decisions and actions an organization makes to meet its goals
the process of analyzing a firms operating conditions on goals to be met
the decisions a company makes to make itself profitable
The second option, "the analysis decisions and actions an organization makes to meet its goals," describes a strategic plan.
The correct answer is:
The analysis, decisions, and actions an organization makes to meet its goals.
The correct answer is: "The analysis, decisions, and actions an organization makes to meet its goals."
To arrive at this answer, we can break down the options and analyze each one.
Option A: "The purpose, vision, mission, and values of an organization." While these elements are important in shaping a strategic plan, they do not encompass the entire plan itself. They provide the foundation and guiding principles, but they do not detail the specific analysis, decisions, and actions.
Option B: "The analysis, decisions, and actions an organization makes to meet its goals." This option accurately describes a strategic plan. A strategic plan is a document that outlines an organization's long-term direction and the actions it will take to achieve its goals. It involves analyzing the internal and external environment, making decisions based on that analysis, and implementing actions to align the organization with its objectives.
Option C: "The process of analyzing a firm's operating conditions and goals to be met." This option describes a component of developing a strategic plan rather than the entire plan itself. Analyzing operating conditions and goals is an essential part of the strategic planning process, but it does not encompass all the aspects of a strategic plan.
Option D: "The decisions a company makes to make itself profitable." While profitability is an important aspect of a company's strategy, it does not encompass the entire strategic plan. A strategic plan goes beyond profitability and includes various other elements such as growth, market position, competitive advantage, and more.
In summary, a strategic plan is best described as the analysis, decisions, and actions an organization makes to meet its goals.