What does a strategic plan primarily identify?

A strategic plan primarily identifies long-term directions for the organization, outlining its vision, mission, and goals over an extended period, typically spanning several years. This forward-looking approach helps guide decision-making and resource allocation, ensuring that all activities align with the organization’s long-term objectives.

While short-term actions and immediate financial forecasts are important components of overall planning, they do not encapsulate the essence of a strategic plan, which focuses on broader objectives and the future trajectory of the organization. Additionally, detailing employee roles and responsibilities is more related to operational or tactical planning rather than the overarching strategic vision that a strategic plan provides. Thus, the correct answer emphasizes the importance of setting a course for long-lasting success and sustainability within the competitive landscape.