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Mangement
How does the process of strategic planning differ from operational planning, and why is it important for organizations to engage in both?
Step by step
Solved in 5 steps
- 1. Define informal planning. What are the advantages of informal planning over formal planning(strategy) 2. In which situations or scenarios is informal planning suitable to be used in an organisation?What is strategic planning? How does it differ from operational planning, and why is it important for organizations to engage in both types of planning?How does the process of strategic planning differ from operational planning, and why is it important for organizations to engage in both?