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How do strategic planninglong-range planning and budgeting differ?
Wiki User
∙ 9y ago
Strategic planning is a disciplined effort to ensure long term development that is responsive to the changing and competitive environment. Long-range planning is an effort to achieve long-term goals and relies on these plans to be implemented assuming circumstances are not going to change much. Budgeting is creating a number of activities to be performed with the amount allocated in the budget.
Wiki User
∙ 9y ago
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How do strategic operational and tactical planning differ and How might the three levels complement one another in an organization?
There are two types of planning that are engaged in by managers at a various levels in a company: strategic and operational planning. Both types of planning add value to the company. Strategic planning sets the goals, purpose and direction of a company and is performed by top-level engineering managers (i.e. chief technology officer and vice president of engineering) while operational planning defines specific tactics and action steps needed to accomplish the goals specified by top management and is performed by managers at both middle levels (managers and directors) and lower levels (supervisors and group leaders). Strategic planning focuses on identifying worthwhile future activities. Specifically, strategic planning assures that company applies it resources - core competencies, skilled manpower resources, business relationships, etc. - effectively to achieve the short - and long - term goals of the company while in operational planning managers, supervisors and group leaders specify events and tasks that can be implemented with the least amount of resources within the shortest period of time. Operational planning ensures that the company applies its resources efficiently to achieve its states goals.
How does the modern financial manager differ from the traditional manager?
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
How does strategic management differ in profit and non profit organizations?
a. relationship between IMC processes and marketing strategy in profit and not-for-profit organizations.
How does strategy formulation differ for a small versus a large organization?
IT does not necessarily differ at all but one way it could be is it needs FASTER inventory turns........
What management style would you use?
Management is pervasive in process,function and activity in any organization to effectively and efficiently utilize the resources to achieve the organizational objectives by planning,organising,staffing,directing and control.The traditional style of management and modern style of management differ in the methodology of the institution.Its use also would depend on the objectives and the means used to achieve the goals.
How does zero based budgeting differ from other budgeting?
Nhlanhla Yende
How does strategic intelligence differ from criminal intelligence?
Strategic intelligence focuses on long-term threats, trends, and opportunities to inform decision-making at a national or organizational level. Criminal intelligence is more focused on specific criminal activities, individuals, or groups to support law enforcement operations and investigations at a tactical level. Strategic intelligence is broader in scope and looks at the bigger picture, while criminal intelligence is more specialized and operational in nature.
How do strategic operational and tactical planning differ and How might the three levels complement one another in an organization?
There are two types of planning that are engaged in by managers at a various levels in a company: strategic and operational planning. Both types of planning add value to the company. Strategic planning sets the goals, purpose and direction of a company and is performed by top-level engineering managers (i.e. chief technology officer and vice president of engineering) while operational planning defines specific tactics and action steps needed to accomplish the goals specified by top management and is performed by managers at both middle levels (managers and directors) and lower levels (supervisors and group leaders). Strategic planning focuses on identifying worthwhile future activities. Specifically, strategic planning assures that company applies it resources - core competencies, skilled manpower resources, business relationships, etc. - effectively to achieve the short - and long - term goals of the company while in operational planning managers, supervisors and group leaders specify events and tasks that can be implemented with the least amount of resources within the shortest period of time. Operational planning ensures that the company applies its resources efficiently to achieve its states goals.
How does the planning of fixed overhead costs differ from the planning of variable overhead costs?
it doens't
How does the modern financial manager differ from the tradition financial?
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
How does the modern financial manager differ from the traditional manager?
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
How does modern financial manager differ from the traditional financial manager?
The modern financial manager is more focused on strategic planning and decision-making than the traditional manager. The traditional manager is more focused on operational tasks and day-to-day management.
How does historical budgeting differ from zero base?
Historical goes off what happened in previous years, whereas zero base is starting from scratch not taking into account previous year.
How might planning in a not for profit organization such as American Cancer Society differ from planning in a for profit organization such as Coca Cola?
Planning a not for profit organization such as EDHI differs from a for profit organization like Coca Cola in that there are certain applications that need to be submitted for business purposes. The companies operate in many of the same ways but their finances may differ.
Are there any family estate planning lawyers?
Yes, there are in fact estate planning lawyers. They differ, obviously, from area to area. Check out craigslist and angie's list fro lawyers appropriated to your area.
How does strategic management differ in profit and non profit organizations?
a. relationship between IMC processes and marketing strategy in profit and not-for-profit organizations.
What is one-voice one-look consistency and how does it differ from strategic consistency?
In the one voice one look consistency, this consistency is applied only to marketing and improving the brand's image. Strategic consistency is the focus on applying that voice to all aspects of the company's communications, including internal messaging.
