BUISENESS MANAGEMENT
BUSINESS PLANNING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Long-term
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Short-term
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Future
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Distant
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Detailed explanation-1: -Strategic planning is long term, typically three to five years. Operational planning is done on the short-term, typically yearly, quarterly, or monthly.
Detailed explanation-2: -Also referred to as departmental goals or objectives, operational goals are the short-term targets that your organization wants to hit. An operational plan includes operational goals and the steps to achieve them. Typically, organizational goals are: Tied to a specific department or team.
Detailed explanation-3: -Operational planning is by definition a short-term plan, which typically looks at goals or milestones of one to 12 months in the future. It does not stand alone from the strategic plan, however, as every objective must provide validation and evidence of success toward achieving the mission of the company.
Detailed explanation-4: -Operational planning helps leadership define responsibilities, daily tasks, and activities in detail. It also sets out how individual team members support overall department and organizational goals and defines outcomes for them to measure daily tasks against. It also boosts team productivity.