Why would a company set strategic priorities for the next 5 years?

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Business Strategy MCQs

It takes several years in order to get approval

It takes several years for a good strategic plan to grow and show results

It guarantees management will stay with the company for several years

If set for 5 years, then no strategic plans need to be drafted until that time has passed

Answer

Correct Answer: It takes several years for a good strategic plan to grow and show results

Explanation:

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