2134299
Description
Flashcards by Charmaynetay, updated more than 1 year ago
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Created by Charmaynetay
about 9 years ago
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| Question | Answer |
| 3 TYPES OF PLANNING | 1. Strategic 2. Tactical 3. Operational |
| STRATEGIC | Managers determine the org's mission/basic purpose & the set means of doing it Done by: Top Management Ans 2 key qns : What and How to do it Long term- often 5 years or more |
| TACTICAL | Translates strategies into shorter-term tactical plans Focus on: marketing, personnel, production & finance Middle - Management, 1-3 years More specific & concrete than strategic plans |
| OPERATIONAL | Concerned with budgets, quotas, schedules Lower - levels/ supervisors, < 1 yr Spell out specifically what must be accomplished over a short time period in order to achieve operational goals |
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