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Is it true that strategic planning is typically the responsibility of top or upper - level managers at a company, such as the CEO or
Is it true that strategic planning is typically the responsibility of top or upperlevel managers at a company, such as the CEO or COO?
a No; strategic plans can be so shortterm that creating them is a job best left to a firstline manager or even a team lead, who are more suited for that level of organizational planning.
b Yes; top management, like CEOs or COOs, are the only people who could ever handle longterm planning for any reason because of they have no further need to develop conceptual, technical, or soft skills.
c Yes, toplevel management is expected to make broad decisions based on highlevel market and industry analysis. Top management typically have extensive experience at lower levels of management, so they have an idea of how their decisions will affect others in the organization.
d Yes; toplevel management generally has the experience and education to make detailoriented plans for other employees, though these strategic plans should not be for timelines longer than months.
e Yes; everyone needs to be involved in strategic planning because everyone in a company should be hired because of their basic conceptual and problemsolving skills, which are fundamental to strategic planning.
f No; strategic planning is something you can only do once your company has been in business for a year or more.
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