2. - is the function of management that
involves setting objectives and determining
a course of action for achieving those
objectives. Planning requires that managers
be aware of environmental conditions facing
their organization and forecast future
conditions. It also requires that managers be
good decision makers.
Planning
Planning
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5. LEVELS
THREE(3)
of
lanning
P
(1) STRATEGIC PLANNING
-looks at the long-term issues of the organization,
and helps develop a plan for growth or change
of business function. It represents mid- to long-
term goals with a life span of three to five years,
though it can go longer.
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6. FOUR (4) ASPECTS
OF STRATEGY DEVELOPMENT:
(1) THE MISSION. Strategic planning starts with a mission
that offers a company a sense of purpose and direction. The
organization's mission statement describes who it is, what it
does and where it wants to go. Missions are typically broad but
actionable.
(2) THE GOALS. Strategic planning involves selecting goals.
Most planning uses SMART goals -- specific, measurable,
achievable, realistic, and time-bound -- or other objectively
measurable goals.
5
7. FOUR (4) ASPECTS
OF STRATEGY DEVELOPMENT:
(3) ALIGNMENT WITH SHORT-TERM GOALS. Strategic
planning relates directly to short-term, tactical business planning
and can help business leaders with everyday decision-making
that better aligns with business strategy.
(4) EVALUATION AND REVISION. Strategic planning
helps leaders periodically evaluate progress against the
plan and make changes or adjustments in response to
changing conditions.
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8. LEVELS
THREE(3)
of
lanning
P
(2) TACTICAL PLANNING
-is a written plan or way in specific actions you’re going to
take to address a problem or achieve a goal. It could list
the tasks that you’ll do yourself, and the tasks you’ll assign to
employees. Ideally, you can set a goal, identify strategies
for how you could achieve the goal and then create a
tactical plan to implement those strategies.
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9. LEVELS
THREE(3)
of
lanning
P
(3) OPERATIONAL PLANNING
-encompass what needs to happen continually, on a day-
to-day basis, in order to execute tactical plans.
Operational plans could include work schedules, policies,
rules, or regulations that set standards for employees, as well
as specific task assignments that relate to goals within the
tactical strategy, such as a protocol for documenting and
addressing work absences.
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10. LEVELS
THREE(3)
of
lanning
P
(3) OPERATIONAL PLANNING
-encompass what needs to happen continually, on a day-
to-day basis, in order to execute tactical plans.
Operational plans could include work schedules, policies,
rules, or regulations that set standards for employees, as well
as specific task assignments that relate to goals within the
tactical strategy, such as a protocol for documenting and
addressing work absences.
9
11. What is the difference between STRATEGIC,
TACTICAL, and OPERATIONAL
MANAGEMENT?
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12. Tactics are the smaller, more specific plans that make up the
overall strategic plan. Tactics are what will be done to achieve
the overarching strategy. Tactical plans are made up of
operational plans, which are the individual tasks that must be
completed in order to achieve a tactical goal. The way in
which operational plans relate to tactical goals is very
important because operational plans help complete tactical
goals, which ultimately complete the strategic goals-not just
for one project, but for the success of the entire company.
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