ECONOMICS (CBSE/UGC NET)

ECONOMICS

DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is planned by middle managers?
A
Mission statement
B
Strategic goals and plans
C
Tactical goals and plans
D
Operational goals and plan
Explanation: 

Detailed explanation-1: -Then, the middle management focuses on tactical planning to achieve the goals defined through strategic planning.

Detailed explanation-2: -Tactical plans are developed to support the implementation of strategic plans. These plans are developed by middle managers after consulting lower-level managers. They are more specific and concrete than strategic plans. The success of strategic and tactical plans depends upon the achievement of operational goals.

Detailed explanation-3: -Tactical goals and plans are the responsibility of middle managers-heads of major divisions or functional units. Operational plans identify the specific procedures or processes needed at lower levels of the organization-frontline managers and supervisors.

Detailed explanation-4: -True. Planning reduces creativity as planning is done by top management. Middle and lower level management are neither allowed to deviate from plans nor permitted to act on their own. They are just expected to carry out orders.

Detailed explanation-5: -In addition to their tactical responsibilities, middle management is the linchpin in companies for rallying those around them to collaborate, solve problems, and work together to uncover solutions to organizational-wide issues.

There is 1 question to complete.