Foundations of Business - Standalone book (MindTap Course List)
Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 6, Problem 5DQ
Summary Introduction

To determine: The ways in which strategic plan, tactical plan and operational plan differs and the common aspects among them.

Introduction: A plan is a diagram of the activities by which an company expects to achieve its objectives and goals. It is consequential from the key designed planning procedure; a company's strategic planning is its broadest preparation, created as a guide for real strategy setting and decision making practices.

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Students have asked these similar questions
What is tactical planning? What is operational planning? What are the similarities and differences between them?
What are the hurdles to effective planning, and how can your organization overcome them?
What are the advantages and limitations of different types of planning methods, such as scenario planning or contingency planning?
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