BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategic planning
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Tactical planning
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Operational planning
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Divisional planning
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Detailed explanation-1: -Tactical planning is intermediate-range (one to three years) planning that is designed to develop relatively concrete and specific means to implement the strategic plan. Middle-level managers often engage in tactical planning.
Detailed explanation-2: -Tactical planning is done at middle management level, which mainly involves the resource acquisitions and utilisations to achieve the organisational goals.
Detailed explanation-3: -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: -Three major types of plans can help managers achieve their organization’s goals: strategic, tactical, and operational. Operational plans lead to the achievement of tactical plans, which in turn lead to the attainment of strategic plans.