(Answered) : Strategic Planning Nothing Process Organization Define Strategy Allocate Resources Appropr Q35377125

Strategic planning is nothing but the process by which theorganization define its strategy and allocate its resourcesappropriately to proceed with the strategy. Strategic control isthe process of controlling the formation and execution of strategicplan. Strategic control system helps in handling uncertainty andambiguity in the control process. Strategic planning is done basedon the following:-

The current status of the organization in terms of profits,success, reputation, etc. • The long term goals of theorganization. • How to achieve the long term goals.

The importance of employees knowing the strategic plan of theirplace of work are: –

• It increase employees’ commitment towards the organization. •Employees