Which of the following is true of strategic planning in a firm? October 5, 2022 by 8i9x6 Strategic planning deals with maintaining the company’s current business ventures. Strategic planning focuses on the firm’s internal environment rather than the external environment. Strategic planning occurs at the business-unit, product, and market levels rather than a company-wide level. Strategic planning deals with adapting the firm to take advantage of opportunities in its changing environment. Strategic planning involves the formulation of supporting objectives for business units based on the company’s mission statement. See Answer Strategic planning deals with adapting the firm to take advantage of opportunities in its changing environment.