A. Without a formal strategic plan a company cannot expect to compete effectively
B. Without a strategic plan an organization can drift without purpose or definition
C. Without it, companies would exist without cause or co-ordination
D. Because of slower economic growth, globalization and technological change
✅ The correct answer is option D.
Strategic planning is still important today because A critical success factor (often abbreviated “CSF”) may sound complicated, but it’s actually a pretty simple concept. Strategic planning is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives for the organization.
Strategic planning is still important today because A critical success factor (often abbreviated “CSF”) may sound complicated, but it’s actually a pretty simple concept. Strategic planning is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives for the organization.