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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.
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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.
Is there any different between corporate planning and strategic planning?
Yes, there are key differences between corporate planning and strategic planning, although they are closely related and often overlap. Here’s a breakdown of each: Corporate Planning **Scope**: Focuses on the overall organization and its long-term goals. Often involves multiple departments and functions within the company. **Purpose**: Aims to align resources and capabilities with the organization's mission. Establishes frameworks for operational effectiveness and efficiency. **Time Frame**: Typically has a longer time horizon, often looking 3 to 5 years or more into the future. **Components**: Includes financial planning, resource allocation, risk management, and performance measurement. **Nature**: More comprehensive, addressing the entire organization’s needs, including workforce, finances, and operational structures. Strategic Planning **Scope**: Focuses specifically on how to achieve the organization's goals and objectives. Often emphasizes competitive positioning and market dynamics. **Purpose**: Aims to identify and exploit opportunities in the marketplace while mitigating risks. Concentrates on long-term growth strategies and value creation. **Time Frame**: Also has a long-term focus, but can include short- to mid-term objectives, often looking 1 to 3 years ahead. **Components**: Involves market analysis, setting strategic objectives, and formulating plans to achieve them. **Nature**: More tactical, dealing with specific initiatives, competitive analysis, and how to respond to market conditions. Summary While both corporate and strategic planning are essential for organizational success, corporate planning takes a broader view of resource alignment and operational effectiveness, whereas strategic planning zeroes in on achieving specific goals through competitive strategies and market analysis. In practice, effective organizations often integrate both processes to ensure comprehensive planning and execution.
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 do the required managerial skill differ in the organisational hierarchy?
Managerial skills differ at various levels of the organizational hierarchy primarily in their focus and application. Top-level managers, like CEOs, require strategic thinking and visionary leadership to set long-term goals, while middle managers need strong interpersonal and communication skills to translate those strategies into actionable plans for their teams. Frontline managers focus more on operational and technical skills to oversee day-to-day activities and ensure that their teams meet performance standards. Thus, as one moves up the hierarchy, the emphasis shifts from technical capabilities to strategic and leadership skills.
What are the key responsibilities of a program manager, and how do they differ from those of a project manager?
A program manager is responsible for overseeing multiple related projects to achieve strategic goals, while a project manager focuses on managing individual projects to meet specific objectives. The key responsibilities of a program manager include aligning projects with organizational objectives, managing resources, and ensuring overall success and coordination among projects. Program managers also focus on long-term planning and stakeholder management, whereas project managers are more focused on day-to-day tasks and meeting project deadlines.
How does zero based budgeting differ from other budgeting?
Nhlanhla Yende
How does the planning of fixed overhead costs differ from the planning of variable overhead costs?
it doens't
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 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 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.
Is there any different between corporate planning and strategic planning?
Yes, there are key differences between corporate planning and strategic planning, although they are closely related and often overlap. Here’s a breakdown of each: Corporate Planning **Scope**: Focuses on the overall organization and its long-term goals. Often involves multiple departments and functions within the company. **Purpose**: Aims to align resources and capabilities with the organization's mission. Establishes frameworks for operational effectiveness and efficiency. **Time Frame**: Typically has a longer time horizon, often looking 3 to 5 years or more into the future. **Components**: Includes financial planning, resource allocation, risk management, and performance measurement. **Nature**: More comprehensive, addressing the entire organization’s needs, including workforce, finances, and operational structures. Strategic Planning **Scope**: Focuses specifically on how to achieve the organization's goals and objectives. Often emphasizes competitive positioning and market dynamics. **Purpose**: Aims to identify and exploit opportunities in the marketplace while mitigating risks. Concentrates on long-term growth strategies and value creation. **Time Frame**: Also has a long-term focus, but can include short- to mid-term objectives, often looking 1 to 3 years ahead. **Components**: Involves market analysis, setting strategic objectives, and formulating plans to achieve them. **Nature**: More tactical, dealing with specific initiatives, competitive analysis, and how to respond to market conditions. Summary While both corporate and strategic planning are essential for organizational success, corporate planning takes a broader view of resource alignment and operational effectiveness, whereas strategic planning zeroes in on achieving specific goals through competitive strategies and market analysis. In practice, effective organizations often integrate both processes to ensure comprehensive planning and execution.
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.
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 does the Creighton Family Planning method differ from other forms of natural family planning?
The Creighton Family Planning method is a type of natural family planning that focuses on monitoring cervical mucus to track fertility. Unlike other methods, it does not rely on temperature or calendar calculations.
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 intelligence differ from criminal intelligence?
They don't differ because they are not the same things. ANY intelligence can be described as strategic if it is important, vital, and has an immediate application. The term strategic can be applied to criminal intelligence, military intelligence, corporate intelligence - etc -- etc.
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.
