Which of the following best describes strategic planning?

Strategic planning is fundamentally about establishing a vision for the future of an organization and determining the long-term goals that will guide its direction. This process involves identifying where the organization wants to be in the future and then formulating a roadmap that includes the strategies and actions necessary to reach those goals. It encompasses evaluating the internal and external environments, aligning resources, and ensuring that all parts of the organization are working together towards common objectives.

Setting long-term goals is crucial because it provides a framework for decision-making and prioritization of efforts. Additionally, determining the means to achieve those goals involves the analysis of various strategies that can be implemented effectively, considering factors such as resources, market conditions, and competitive advantages.

In contrast, other options focus on operational aspects that don't align with the broader vision or strategy of the organization. For instance, creating daily schedules and assigning tasks pertains to operational management, while evaluating employee performance and providing feedback are HR-related activities. Implementing minor adjustments to ongoing projects relates more to tactical management rather than the overarching strategic framework that guides an organization’s long-term vision.