BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Middle tier objectives to facilitate the planning and control of individual functions within the organisation
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Day-to-day performance targets related to the organization’s operations
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A clear vision of the organisation’s reason for existing
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Long-term objectives for the organization as a whole
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Detailed explanation-1: -Tactical planning occurs after a business, team, or individual has created a strategic plan that outlines general goals and objectives. A tactical plan describes the steps and actions that must be taken to achieve the goals from the strategic plan.
Detailed explanation-2: -Tactical plans are different from strategic plans in that they’re much more action-oriented and short-term. While strategic plans lay out your company’s long-term vision and overall direction, tactical plans focus on specific initiatives that will help you move closer to your goals.
Detailed explanation-3: -middle and top. Tactical planning means the method that breaks downs the strategic plan of business into small and short term plans in order to achieve the results. Tactical planning is used both in the top and middle-level management to attain their goal.
Detailed explanation-4: -First, executives usually are responsible for strategic plans, as they have the best bird’s-eye view of the corporation. Lower-level managers have a better understanding of the day-to-day operations, and they are usually the ones responsible for tactical planning.