Strategic planning can be defined as: a. how each functional area will achieve its spectifc goals and objectives.
b. a procedure for allocating resources to appropriate functions in the organization.
c. taking big risks to maximize current period benefits.
d. an action plan to achieve specific long-term goals and objectives.
e. an acion plan to achieve spectific operational and tactical goals.

d. an action plan to achieve specific long-term goals and objectives.

Explanation:

Strategic planning is an essential tool for any business, regardless of the branch or size of the company.

Through this tool it is possible for the organization to define what are its essential goals and objectives for its future and what are the ideal action plans for them to be reached.

Strategic planning will understand all organizational systems and integrate them in order to better understand the organizational identity to define the mission, vision and values that will lead the company to operate in the market in a way aligned with its purposes, to achieve advantage competitive, reduce costs and have a detailed action plan focused on the essential objectives and goals to achieve organizational success.

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