All of the following are characteristics of the strategic planning process except the:

A) Analysis of external economic factors.
B) Analysis and review of departmental budgets.
C) Emphasis on the long run.
D) Review of the attributes and behavior of the company’s competition.

Strategic planning: This plan refers to taking the long-term decision based on the external economic factors and by taking the competition review with respect to the available resources, costs and time that helps to achieve an organization's goals and objectives efficiently and effectively.

Option B is not a part of strategic planning as it makes long term planning based on the present data. The time period would be 5 years or more.

All of the following are characteristics of the strategic planning process except the: A) Analysis of external economic factors. B) Analysis and review of departmental budgets. C) Emphasis on the long run. D) Review of the attributes and behavior of the company’s competition.

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All of the following are characteristics of the strategic planning process except the:

A) Analysis of external economic factors.
B) Analysis and review of departmental budgets.
C) Emphasis on the long run.
D) Review of the attributes and behavior of the company’s competition.