What is strategic planning?

• A. Process of developing and analyzing the organization's mission, overall goals, general strategies and overall goals
• B. A day-to-day task list
• C. A risk assessment plan
• D. A budgeting technique

Answer: (A)

Strategic planning centers on long‑term direction for the organization, defining its mission, setting broad goals, and outlining general strategies to achieve them. This describes the process of developing and analyzing the organization’s mission, overall goals, and broad strategies to guide where the organization is headed. It’s about shaping direction and priorities for the future, not handling day‑to‑day tasks or isolated activities.

A day‑to‑day task list focuses on current operations, a risk assessment plan concentrates on identifying and mitigating hazards, and a budgeting technique deals with financial planning and resource allocation. All of these serve important purposes, but they operate at different levels than strategic planning, which ties mission and goals to broad strategies over the long term.