Which statement best describes the purpose of keeping an up-to-date strategic plan?

The purpose of keeping an up-to-date strategic plan is primarily to facilitate informed decision-making. A well-structured and current strategic plan provides an organization with a clear framework for making decisions that align with its goals and objectives. It helps leaders assess the current environment, identify opportunities and threats, and evaluate the resources at their disposal. With an up-to-date plan, management can analyze data, set priorities, allocate resources effectively, and adapt to changing circumstances, all while staying focused on long-term goals.

This approach ensures that all levels of the organization are coordinated and working towards the same objectives, ultimately enhancing overall performance and effectiveness. The strategic plan serves as a roadmap that guides actions and initiatives, fostering greater confidence in decision-making processes across the board.