Business plans support organizational decisions when they are used as a:
A.
Market-defining guideline
B.
Guiding and supporting document
C.
Narrative nonfinancial strategy
D.
Snapshot of financial goals
The Answer Is:
B
This question includes an explanation.
Explanation:
A well-craftedbusiness planserves as aliving documentthat guides strategic initiatives, supports decision-making, and aligns cross-functional departments around common goals. It'snot just a financial outline— it encompassesstrategy, market positioning, risks, and HR alignment.
Extract from HRCI-aligned HR knowledge (Leadership and Strategydomain):
SPHR professionals are expected to “develop HR strategies aligned with the organization’s business plan and objectives.” A business plan functions as aguiding and supporting frameworkfor budget planning, workforce planning, and strategic investment decisions across the organization.
SPHR PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 65% Discount on All Products,
Use Coupon: "ac4s65"