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In business, operational objectives (also known as tactical objectives) are short-term goals whose achievement brings an organization closer to its long-term goals. [1] It is slightly different from strategic objectives, which are longer term goals of a business, but they are closely related, as a business will only be able to achieve strategic objectives when operational objectives have been ...
An enterprise will plan for tactical moves for quick reaction to the PESTLE threats that affect its survival. For instance, right after Japan's Fukushima nuclear power plant has experienced explosions due to the earthquake and the tsunami that followed, several enterprises (within and outside Japan) publicly announced their course of actions to address the emergency.
Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals.. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy.
Plans exist at two levels: strategic and tactical. [7] Strategic plans indicate what should be accomplished. Tactical plans indicate how that will be done. The strategies are general while the tactics are specific. [1] Influence plans include guidelines for verbal and non-verbal communication. [2]
Financial planning, which is primarily about annual budgets and a functional focus, with limited regard for the environment; Forecast-based planning, which includes multi-year budgets and more robust capital allocation across business units; Externally oriented planning, where a thorough situation analysis and competitive assessment is performed;
Operational planning (OP) is the process of implementing strategic plans and objectives to reach specific goals. [1] In an Introduction to Management and Organizational Behavior, Barbara Carlin and Marina Sebastijanovic suggest that operational planning is one of the four basic types of planning involved in organizational management. [2] [a]
Decisive point – A geographic place, specific key event, critical system, or function that allows commanders to gain a marked advantage over an enemy and greatly influence the outcome of an attack DIME(FIL) – The elements of national power diplomacy, information, military, and economics, often included are financial, intelligence, and law ...
A business plan is a formal written document ... scorecard or OGSM or a list of critical success factors. This allows the success of the plan to be measured using non ...