ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Replacement Planning
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Succession Planning
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Both
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None of the Above
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Detailed explanation-1: -Replacement planning focuses on finding suitable replacements only for top executives. Succession planning means that the company is easily able to fill vacancies throughout the business because employees are being empowered and developed. There is a short list of candidates in replacement planning.
Detailed explanation-2: -A day/week plan tells you what you need to complete in the next few days or week and includes both academic and non-academic tasks. It helps you work efficiently, prioritize your time, and hold yourself accountable.
Detailed explanation-3: -Tactical planning includes short-term objectives and tasks designed to create specific results within a limited time span. Tactical plans often include operational level plans, and make way for the development of contingency level plans.