A strategic plan of a company is best described as?

A strategic plan of a company is best described as encompassing a vision, performance targets, and strategy because it serves as a roadmap for the organization. The vision defines the long-term direction and aspirations of the company, helping to establish a clear purpose. Performance targets provide measurable goals that allow the organization to assess its progress and success over time. The strategy outlines the approach the company will take to achieve its vision and meet those performance targets, detailing how resources will be allocated and what actions will be taken.

This comprehensive aspect is critical because it ensures that all parts of the organization are aligned towards a common purpose, facilitating coordinated efforts to achieve objectives. A strategic plan is inherently holistic, integrating various facets of the organization’s operations while providing a framework for decision-making.

The other options, while relevant components of strategic planning, do not capture the full essence of what a strategic plan represents. Objectives and plans are part of the broader strategy but do not encompass the vision. A management implementation plan is more about executing strategies rather than defining the strategic direction itself. Finally, detailed strategy proposals focus on departmental tactics rather than the overarching strategy that guides the entire organization.