Asked by Master Zhong on Sep 26, 2024
The planning horizon for operational planning is shorter than that for strategic planning.
Planning Horizon
The time frame within which plans or strategies are developed and expected to be implemented or achieve a specific target.
Operational Planning
The process of creating short-term, detailed steps and allocating resources to achieve the strategic goals of an organization.
Strategic Planning
A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.
- Identify the planning horizons and their relevance to organizational strategies.
Learning Objectives
- Identify the planning horizons and their relevance to organizational strategies.
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