Answer:
Strategic planning is the correct answer
Explanation:
Strategic planning is the plan that is established to analyze the business and to set objectives to reach the goal of the organization.
Strategic planning helps the organization in taking the decision and changing the process when required for the success of the organization.
Steps involved in Strategic planning are
- To set a goal to clarify the vision of the business.
- to gather and analyze the information.
- To formulate and implement the strategy.
- Evaluate and monitor performance.
