BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It designs the long-term goals and plans of a company.
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It focuses on the day-to-day operations of a company.
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Because it deals with the responsibility and functionality of lower-level departments.
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Because it is responsible for developing the mission and the vision of each department.
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Detailed explanation-1: -Why is a tactical plan relevant for the functioning of each company? It focuses on the day-to-day operations of a company. It designs the long-term goals and plans of a company. Because it is responsible for developing the mission and the vision of each department.
Detailed explanation-2: -Tactical planning is important because it provides detailed information that helps everyone on a team understand what is expected and required to achieve a goal.
Detailed explanation-3: -A tactical plan is a written outline of the specific actions you’re going to take to address a problem or achieve a goal. It could list the tasks that you’ll do yourself, and the tasks you’ll assign to employees.
Detailed explanation-4: -Strategic plans are based on longest-term planning horizon, operational plans shortest planning horizon (even on a day-to-day basis), and tactical plans, in between. In terms of relationships, operational plans lead to the achievement of tactical plans, which in turn lead to the attainment of strategic plans.
Detailed explanation-5: -Tactical decision-making allows a choice to be made among several alternatives, with an immediate or limited end in view. It is the most commonly used framework for decision-making where limited resources must be allocated within a given time deadline.