Types of Planning in Management
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Questions and Answers

What is the main difference between tactical plans and strategic plans?

  • Strategic plans are used for crisis situations while tactical plans are for usual situations.
  • Tactical plans have a shorter time frame than strategic plans. (correct)
  • Strategic plans have more specific objectives than tactical plans.
  • Tactical plans have a longer time frame than strategic plans.
  • What does operational planning in an organization aim to create?

  • Alternative courses of action
  • Strategic goals
  • Broad objectives
  • Specific standards, methods, policies, and procedures (correct)
  • In which situations are contingency plans used?

  • For very unusual or crisis situations (correct)
  • For setting long-term objectives
  • For day-to-day decision making
  • For usual operational activities
  • What do contingency plans typically include?

    <p>Standard operating procedures and communication channels</p> Signup and view all the answers

    In what area do operational planning decisions need to be made according to the text?

    <p>Inventory management</p> Signup and view all the answers

    What is the primary focus of strategic planning?

    <p>Creating long-range broad goals</p> Signup and view all the answers

    Which type of planning has a shorter time frame and more specific objectives?

    <p>Tactical planning</p> Signup and view all the answers

    What is the main purpose of operational planning?

    <p>Creating specific standards and procedures</p> Signup and view all the answers

    When do managers typically use contingency plans?

    <p>For very unusual or crisis situations</p> Signup and view all the answers

    Which level of management formulates strategic plans?

    <p>Top-level managers</p> Signup and view all the answers

    What is the key difference between tactical and operational planning?

    <p>Time frame and specificity of objectives</p> Signup and view all the answers

    Why do managers design strategies in the planning process?

    <p>To prevent future problems or take advantage of opportunities</p> Signup and view all the answers

    What distinguishes tactical plans from strategic plans?

    <p>Tactical plans have more specific objectives.</p> Signup and view all the answers

    What does operational planning in an organization primarily focus on?

    <p>Creating specific standards and procedures</p> Signup and view all the answers

    What is the main purpose of contingency plans in an organization?

    <p>To identify alternative courses of action for crisis situations</p> Signup and view all the answers

    In what way do tactical plans differ from operational plans?

    <p>Operational plans cover specific functional areas.</p> Signup and view all the answers

    What do contingency plans typically include for an organization?

    <p>Standard operating procedures</p> Signup and view all the answers

    How do tactical plans contribute to achieving broader strategic goals?

    <p>By implementing specific actions</p> Signup and view all the answers

    Why is it important for organizations to have operational planning decisions regarding inventory?

    <p>To ensure customer satisfaction</p> Signup and view all the answers

    What would be a key feature of tactical planning approaches to inventory management?

    <p>In-depth analysis of market trends for precise inventory predictions.</p> Signup and view all the answers

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