SPHR · Question #5
Business plans support organizational decisions when they are used as a:
The correct answer is B. Guiding and supporting document. A well-crafted business plan serves as a living document that guides strategic initiatives, supports decision-making, and aligns cross-functional departments around common goals. It's not just a financial outline -- it encompasses strategy, market positioning, risks, and HR…
Question
Business plans support organizational decisions when they are used as a:
Options
- AMarket-defining guideline
- BGuiding and supporting document
- CNarrative nonfinancial strategy
- DSnapshot of financial goals
How the community answered
(55 responses)- A4% (2)
- B93% (51)
- C2% (1)
- D2% (1)
Explanation
A well-crafted business plan serves as a living document that guides strategic initiatives, supports decision-making, and aligns cross-functional departments around common goals. It's not just a financial outline -- it encompasses strategy, market positioning, risks, and HR alignment. Extract from HRCI-aligned HR knowledge (Leadership and Strategy domain): SPHR professionals are expected to "develop HR strategies aligned with the organization's business plan and objectives." A business plan functions as a guiding and supporting framework for budget planning, workforce planning, and strategic investment decisions across the
Topics
Community Discussion
No community discussion yet for this question.