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irina [24]
3 years ago
14

In the context of management planning, _____ refers to high-level, long-term planning that establishes a vision for the company,

defines long-term objectives and priorities, determines broad action steps, and allocates resources. Question 6 options: operational planning strategic planning contingency planning tactical planning.
Business
1 answer:
ziro4ka [17]3 years ago
5 0

Answer:

Strategic Planning

Explanation:

Strategic plan accounts for long term <em>goals </em>and <em>vision</em> of a company. While planning strategically, leaders draw the road map for their company which solves <em>how-to questions</em> in achieving those goals. Moreover, through their set priorities, the company's <em>value</em> and <em>vision</em> would also be sorted out. As there are multiple planning dimensions, strategic planning can be differentiated from the others by identifying these 2 factors.

  1. Time Horizon: Strategic planning is done for the long term usually for 5-6 years.
  2. Formation of plan: Within the hierarchy of an organization only high-level leaders are the ones responsible to come up with strategic planning.
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