ENTREPRENEURIAL OPERATIONS
TIME MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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hort range planning involves a comprehensive analysis of historical data and statistical models to predict the most likely outcomes for the next fiscal quarter or half-year, and adjusting strategies accordingly.
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Short range planning is the intricate process of forecasting and strategizing for the upcoming weeks and months, taking into account a multitude of variables, including economic conditions, market trends, and social factors.
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Short range planning is a sophisticated approach to project management that utilizes complex algorithms and machine learning to optimize resource allocation and minimize risks in the short-term.
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Short range planning is the process of setting objectives and making decisions for the immediate future, typically within a time frame of one year or less.
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Detailed explanation-1: -SHORT-RANGE PLANNING. Finally, short-range planning covers time periods of one year or less. These plans focus on day-to-day activities and provide a concrete base for evaluating progress toward the achievement of intermediate and long-range plans. CONTINGENCY PLANNING.
Detailed explanation-2: -Operational planning is the process of setting short-range objectives and determining in advance how they will be accomplished.
Detailed explanation-3: -Short-term planning evaluates your progress in the present and creates an action plan to improve performance daily. However, long-term planning is a comprehensive framework that comprises of goals to be met within a four-to five-year period.
Detailed explanation-4: -Short-term plans generally allocate resources for a year or less. They may also be referred to as operational plans because they are concerned with daily activities and standard business operations.