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PLANNING IN MANAGEMENT (STRATEGIC PLAN (The key components of a strategic…
PLANNING IN MANAGEMENT
TACTICAL PLAN
It is a short-term document, low level that breaks down the broad mission statements into smaller, executable pieces.
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STRATEGIC PLAN
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The scope of the plan can be two, three,
five or even ten years.
The strategic plan must look forward, be robust but flexible, and be focused on accommodating future growth.
It is based on deciding the objectives of the company, defining the resources that will be used and the policies to obtain and manage said resources.
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PLANNING
It deals with the creation of procedures, rules and guidelines to achieve an established objective.
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Managers should create broad objectives and mission statements, as well as take care of the daily operation of the company.
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