Strategic plans are essential for guiding the long-term direction of an organization. Among the statements provided, the correct one is b) they have moderate interdependence and cross functional relevance.
Explanation: Strategic plans are designed to align various departments and functions within an organization towards common goals. They are not limited to immediate functional aspects, as indicated in option a, nor do they have a narrow scope as in option c. Instead, they require collaboration across different departments, meaning that there’s a level of interdependence among them. This moderate interdependence enables organizations to leverage resources and expertise effectively to achieve their overarching strategic objectives.