Question

Which of these is a strategic plan?

• A. Plan to increase daily production by 10\%.
• B. Plan to reduce employee turnover by 5\%.
• C. Plan to enter a new international market within five years.
• D. Plan to organize a training workshop next month.

Hint:

Strategic plans focus on long-term objectives and significant organizational changes.

Answer 1

The Correct Option is C

Step 1: Understanding strategic plans.
Strategic plans are long-term plans designed to achieve major goals and set the overall direction of an organization.
Step 2: Evaluating options.
Plans focused on long-term goals and significant changes, such as entering new markets, are strategic. Short-term plans like increasing daily production or organizing workshops are operational or tactical.
Step 3: Conclusion.
Therefore, the plan to enter a new international market within five years is a strategic plan.