What would be a typical time horizon of a strategic plan? A) 2-5 weeks B) 2-5 months C) 2-5 years D) 2-5 decades Strategic plans are expected to have operational plans. B) a longer time horizon than D) this depends on the organisation A) a shorter time horizon than C) the same time horizon as Once a strategic plan is established, it should always be A) flexible B) followed C) abandoned D) changed to a different plan

The tools presented in the strategy formulation framework are applicable to all sizes and types of organizations and can help strategists identify, evaluate, and select strategies. Which of the below tools, used in the process,  allows strategists to evaluate alternative strategies objectively based on previously identified external and internal critical success factors? a. SPACE Matrix b. Internal-External (IE) Matrix c. SWOT Analysis d. Quantitative Strategic Planning Matrix

b. Why in planning a business a strategy is needed in planning from the beginning until the business has been running, explain. c. Explain what ideas can arise related to today's technological advances

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