20 Questions
What is the main difference between tactical plans and strategic plans?
Tactical plans have a shorter time frame than strategic plans.
What does operational planning in an organization aim to create?
Specific standards, methods, policies, and procedures
In which situations are contingency plans used?
For very unusual or crisis situations
What do contingency plans typically include?
Standard operating procedures and communication channels
In what area do operational planning decisions need to be made according to the text?
Inventory management
What is the primary focus of strategic planning?
Creating long-range broad goals
Which type of planning has a shorter time frame and more specific objectives?
Tactical planning
What is the main purpose of operational planning?
Creating specific standards and procedures
When do managers typically use contingency plans?
For very unusual or crisis situations
Which level of management formulates strategic plans?
Top-level managers
What is the key difference between tactical and operational planning?
Time frame and specificity of objectives
Why do managers design strategies in the planning process?
To prevent future problems or take advantage of opportunities
What distinguishes tactical plans from strategic plans?
Tactical plans have more specific objectives.
What does operational planning in an organization primarily focus on?
Creating specific standards and procedures
What is the main purpose of contingency plans in an organization?
To identify alternative courses of action for crisis situations
In what way do tactical plans differ from operational plans?
Operational plans cover specific functional areas.
What do contingency plans typically include for an organization?
Standard operating procedures
How do tactical plans contribute to achieving broader strategic goals?
By implementing specific actions
Why is it important for organizations to have operational planning decisions regarding inventory?
To ensure customer satisfaction
What would be a key feature of tactical planning approaches to inventory management?
In-depth analysis of market trends for precise inventory predictions.
Learn about the four types of planning used by managers - strategic, tactical, operational, and contingency planning. Understand the differences in time frames, goals, and resources involved in each type of planning.
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