ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Tactical decisions are primarily made by middle and front-line managers. Operational Decisions-Operational decisions concern the methods for carrying out the organizations delivery of value to customers. Operational decisions are primarily made by middle and front-line managers.

Detailed explanation-2: -Officers and executives make tactical decisions for a company. Officers and executives include the CEO, COO, CFO and other top-level management in a company.

Detailed explanation-3: -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.

Detailed explanation-4: -Operating decisions are the decisions necessary to put the policy decisions into action. These decisions help implement the plans and policies taken by the high-level managers. Such decisions are usually taken by middle and lower management.

Detailed explanation-5: -An organization’s top management most often conducts strategic planning. 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.