ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Long-term plans
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one-day plans
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medium-term plans
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short-term plans
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Detailed explanation-1: -Top management lays down the objectives and broad policies of the enterprise. It issues necessary instructions for preparation of department budgets, procedures, schedules etc. It prepares strategic plans & policies for the enterprise.
Detailed explanation-2: -Strategic Planning It is more of a high-level planning done by the top-level managers in the organisation. Such kind of planning is used for starting a business.
Detailed explanation-3: -Top managers develop long-range plans, set a direction for their organization, and inspire all employees to achieve the company’s vision. Middle managers focus on specific operations, products, or customers. They develop procedures to implement the company’s strategic plans.