Association of Chartered Certified Accountants (ACCA) Certification Practice Test 2026 - Free ACCA Practice Questions and Study Guide

Strategic planning is inherently concerned with the long-term direction and goals of an organization. Its main objective is to establish how the organization will navigate its future, in which long-term goals and aspirations are considered. A short-term focus typically pertains to operational or tactical planning, which concentrates on specific tasks and immediate outcomes. In contrast, strategic planning embraces a broader timeframe, examining where the organization wants to be in several years and devising a roadmap to achieve those aspirations.

The other options accurately represent features of strategic planning. Considering the whole organization ensures that strategic decisions reflect the organization's overarching vision and mission. Board-level involvement signifies the importance of leadership in setting the direction and priorities. Defining resource requirements aligns with strategic planning's role in identifying the necessary allocations for accomplishing long-term goals. Thus, the key feature distinguishing strategic planning is its long-term orientation, making a short-term focus not a characteristic of strategic planning.