Management Strategy: Levels and Plans

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Questions and Answers

Which of the following is NOT a level of strategy?

  • Middle Level
  • Lower Level
  • Top Level
  • Executive Level (correct)

What is the main role of tactical managers?

  • Managing the strategic plan
  • Setting strategic goals
  • Overseeing operational plans
  • Breaking down strategy into narrower tactics (correct)

Which level is primarily responsible for the actual implementation process?

  • Both Middle and Lower Levels
  • Middle Level
  • Top Level
  • Lower Level (correct)

In planning, with which type of plan do we start?

<p>Strategic Plan (A)</p> Signup and view all the answers

During implementation, the tactical plan depends on which other plan?

<p>Operational (C)</p> Signup and view all the answers

If the operational plan is executed correctly, what is likely to happen to the tactical plan?

<p>It will also be correct. (C)</p> Signup and view all the answers

What does the 'S' in SMART goals stand for?

<p>Specific (A)</p> Signup and view all the answers

In SMART goals, what does the 'M' stand for?

<p>Measured (B)</p> Signup and view all the answers

What does the 'A' in SMART goals represent?

<p>Achievable (A)</p> Signup and view all the answers

According to the SMART acronym, what does 'R' stand for?

<p>Relevant (B)</p> Signup and view all the answers

What is the time horizon of strategic plans typically?

<p>Long term (B)</p> Signup and view all the answers

What is the main focus of strategic plans?

<p>General goals (C)</p> Signup and view all the answers

What comes before objectives?

<p>Goals (D)</p> Signup and view all the answers

Goals are considered to be?

<p>Long term (B)</p> Signup and view all the answers

Objectives are considered to be

<p>Short term (B)</p> Signup and view all the answers

Tactical managers are also known as:

<p>Supervisors (C)</p> Signup and view all the answers

Implementation is dependent on

<p>Formulation (B)</p> Signup and view all the answers

Operational managers are responsible for?

<p>Operational Planning (B)</p> Signup and view all the answers

Tactical plans depend on which type of planning?

<p>Strategic (C)</p> Signup and view all the answers

Flashcards

Levels of organizational strategies?

Top, middle, and lower level

Types of goals in an organization?

Strategic, tactical, operational

Role of tactical managers?

Breaking down strategy into narrower tactics.

Levels responsible for implementation?

Middle and lower levels.

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What plan do we start with in planning?

Strategic plan.

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What plan do we start with in implementation?

Operational plan.

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In formulation, what does the tactical plan depend on?

The tactical plan depends on the strategic.

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In implementation, what does the tactical plan depend on?

The tactical plan depends on the operational.

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SMART Goals?

Specific, Measurable, Achievable, Realistic, Timely

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Focus of strategic plans?

Abstract and general goals.

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Strategic plan's long-term purpose?

Achieving goals and objectives

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Strategic Plans duration?

Long-term.

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Objectives timeframe?

Short-term.

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Study Notes

  • There are three levels of strategies.
    • Top level.
    • Middle level.
    • Lower level.
  • An organization typically has three types of goals.
    • Strategic Plan.
    • Tactical Plan.
    • Operational Plan.
  • Strategic managers work with the strategic plan.
  • Tactical managers (supervisors) work with the tactical plan.
  • Operational managers work with the operational plan.
  • The role of tactical managers is to clarify strategies for lower-level managers.
  • They accomplish this by breaking down strategy into narrower strategies called tactics.
  • Both middle and lower levels are responsible for the implementation process.
  • Lower levels are responsible for actual implementation.

Differences

  • In planning, the sequence is strategic plan first.
  • In formulation, the tactical plan depends on the strategic plan.
  • In implementation, the sequence starts with the operational plan.
  • In implementation, the tactical plan depends on the operational plan.
  • Therefore, if the operational plan is executed correctly, the tactical plan will also be correct.

Goals

  • Objectives should be:
    • Specific
    • Measurable.
    • Achievable.
    • Realistic.
    • Time-tabled.
  • Strategic plans are abstract, focusing on general goals rather than details.
  • Strategic plans are long-term plans to achieve goals and objectives.

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