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The most "top down" of the three approaches to making strategy is strategic planning. Often, these plans will run in three- to five-year cycles. What happens once the plan has initially identified the strategic needs of the corporation? a)Senior management develops a set of metrics to measure the success of implementing the plan. b)Senior management submits the detailed plan to the Board of Directors for approval. c)Senior management allocates the corporate resources to match the plan.d)Nothing. By the time a plan is accepted, the next planning cycle has started.

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Operation Management, Management Studies

Category:- Operation Management
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