Podcast
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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Description
Test your understanding of key management functions, including planning, strategic planning, and tactical planning. Evaluate your knowledge of how to set objectives and develop strategies to achieve them. This quiz will cover essential concepts that every manager should know.
