Strategic planning determines how work will be done and who will do it is short-term planning square e Ic statement of the purpose provides broad goals and direction for the entire business

Strategic planning is a process that determines how work will be done and who will do it. It is not short-term planning; instead, it provides broad goals and direction for the entire business. The statement of the purpose is a crucial part of strategic planning as it outlines the mission and vision of the organization.