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Questions and Answers
What is the primary purpose of management planning?
What is the primary purpose of management planning?
- To set goals and determine how to achieve them (correct)
- To manage financial resources
- To create a company culture
- To assign tasks to employees
A tactical plan focuses on long-term goals, typically set for 3-5 years.
A tactical plan focuses on long-term goals, typically set for 3-5 years.
False (B)
What are the two types of plans mentioned in management functions?
What are the two types of plans mentioned in management functions?
Strategic Plan and Tactical Plan
A ________ plan is defined by long-term goals, typically covering a period of 3 to 5 years.
A ________ plan is defined by long-term goals, typically covering a period of 3 to 5 years.
Match the following types of plans with their respective timeframes:
Match the following types of plans with their respective timeframes:
Flashcards
Management Function: Planning
Management Function: Planning
Setting goals and creating a method to achieve them.
Strategic Plan
Strategic Plan
Long-term business goals (3-5 years).
Tactical Plan
Tactical Plan
Mid-term business goals.
Business Goals
Business Goals
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Management
Management
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Study Notes
Management Functions
- Planning: Establishing targets and outlining strategies to attain them.
- Strategic Plan: Long-term objectives (3-5 years).
- Tactical Plan: Medium-term objectives.
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