Question

Reader's Digest Association, Inc., has published Reader's Digest magazine for over 80 years, and many believe the publication is dated and can no longer attract many readers. They believe _____ plans are needed to revamp the magazine's content, editorial staff, and readership.

Answer 1

They believe Strategic plans are needed to revamp the magazine's content, editorial staff, and readership.

Explanation:

Strategic preparation is the practice of recording and leading the small organisation— deciding where you are and when you go. The strategic plan offers you with a location to document your purpose, vision, and principles, your long-term priorities and action plans.

Vision planning, scenario preparation and dilemma solving are three growing priority areas of the strategic planning.

Examples of a Business Strategy Includes: assessment of corporate assets and deficiencies. Design of a framework for business strategy.