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Question

The proposed system support strategic plan of the business. Select the best fit this answer _______________.

A
Economic feasibility
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B
Technical feasibility
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C
Operational feasibility
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D
Organization feasibility
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Solution

The correct option is D Organization feasibility

The proposed system support strategic plan of the business. Organization feasibility the best fit this answer

Business planning is necessary for company growth and success. Business plans provide companies with the tools to track growth, establish a budget and prepare for unforeseen changes in the market place. A strategic plan includes many elements a business can utilize to attract financing and manage company objectives.

Organizational feasibility: A definition of the corporate and legal structure of the business. This may include information about the founders, their professional background and the skills they possess necessary to get the company off the ground and keep it operational.

The purpose of strategic planning. The purpose of strategic planning is to set overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.

A strategic plan is primarily used for implementing and managing the strategic direction of an existing organization. A business plan is used to initially start a business, obtain funding, or direct operations. ... Whereas a business plan could be for new businesses and entrepreneurs who are startups.


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