ENTREPRENEURSHIP

Detailed explanation-1: -Middle-level managers often engage in tactical planning. Operational planning generally assumes the existence of organization-wide or subunit goals and objectives and specifies ways to achieve them.

Detailed explanation-2: -Strategic planning lays out the long-term, broad goals that a business or individual wants to achieve. And tactical planning outlines the short-term steps and actions that should be taken to achieve the goals described in the strategic plan.

Detailed explanation-3: -Tactical: A short-term (one year or less), objective-focused type of planning, often carried out by middle management. Operational: A plan that describes the daily roadmap of the activities within the company. Low-level managers and supervisors devise operational strategies in most cases.