These plans are formulated at top level, defines the future decisions regarding the organisations direction and scope in the long-run. Identify the type of plan and discuss it briefly

These plans are formulated at top level, defines the future decisions

1.	These plans are formulated at top level, defines the future decisions regarding the organisations direction and scope in the long-run. Identify the type of plan and discuss it briefly
Answer» Strategy It is a comprehensive plan, which involves determining long-term objectives adopting a particular course of action and allocating resources necessary to achieve such objectives. It helps to define the scope and direction of the organisation in the long-run