ENTREPRENEURIAL PLANNING
OPERATIONS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Long-term Planning & Control
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Medium-termPlanning & Control
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Short-termPlanning & Control
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None of the above
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Detailed explanation-1: -What is short-term planning? Short-term planning is usually considered to take 12 months or less. Your daily, weekly, monthly, even quarterly and yearly goals – all can be filed under “short-term goals.” They are stepping stones that will help you to reach your big goal(s).
Detailed explanation-2: -Short term planning is also known as activity planning because it allocates resources for the day-to-day business development and management. It is detailed and specific.
Detailed explanation-3: -Short-term usually involves processes that show results within a year. Companies aim medium-term plans at results that take several years to achieve. Long-term plans include the overall goals of the company set four or five years in the future and usually are based on reaching the medium-term targets.