Which statement below is FALSE regarding the strategic-planning process?
1) Strategic planning should be a people process more than a paper process.
2) Strategic decisions require tradeoffs such as long-range versus short-range considerations and maximizing profits versus increasing shareholders' wealth.
3) Executives should keep assignments, team memberships, and meeting formats constant for a year.
4) Pursuing too many strategies at the same time is a critical mistake.
5) Strategic planning should be a learning process for all managers and employees.
