Asked by mackenzie newland on Jun 28, 2024
Verified
The process of determining how to pursue the organization's long-term goals with the resources expected to be available refers to ____ planning.
A) intermediate
B) operational
C) strategic
D) budgetary
E) contingency
Long-Term Goals
Objectives or targets that are planned to be achieved over an extended period, typically over one year.
Strategic Planning
A methodical approach to imagining a preferred future, then converting this vision into general aims or targets and outlining a series of actions to reach these goals.
- Outline the unique features distinguishing strategic, operational, and tactical planning.
Verified Answer
KF
Kristi FullerJul 05, 2024
Final Answer :
C
Explanation :
Strategic planning involves setting long-term goals and determining the resources necessary to achieve those goals. It is a process of analyzing the organization's strengths, weaknesses, opportunities, and threats in order to develop strategies for success. Intermediate planning focuses on medium-term goals, operational planning focuses on day-to-day activities, budgetary planning focuses on financial goals and constraints, and contingency planning involves preparing for unexpected events or crises.
Learning Objectives
- Outline the unique features distinguishing strategic, operational, and tactical planning.
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