"The importance of strategic planning is now fully realized by the Indian
corporate sector than before"- Discuss
Answers
Answer: this is right answer
Explanation:
Strategic planning- This refers to the theoretical planning of the business which has a detailed plan on what, how and when to do.
EXPLANATION-
If, any barrier or hamper occurs. Therefore, to control and overlook the situation as well as maintaining the proper functioning of the running business. It provides direction to businesses to maintain create a mind-set regarding the vision and mission to achieve the overall operational excellence and quality assurance control. As we got awarded about what exactly the strategic planning is. Now, its time to look up how the operations of an organization were managed before. The white-collar use to think that human resources are the equivalent to the other resources and did not treat as same. The business entity has a rigid and specific way to work on. There was no planning in advance as per the trends whereas mindset was what they will produce instead will be a trend. Hence, many untouched areas of business have been introduced to the situation and circumstances. So, authors like Henry Fayol and others have introduced new streams of thinking and methodologies to bring more efficiency and effectiveness. Therefore, strategic planning is one of the important approaches that are worked on before doing a handful of researches over the market to under the market and customer needed as the customer is the ruling party of the market.
Learn more about strategic planning and its importance -https://brainly.in/question/9615749