The difference between annual and long-range plans versus a strategic plan is that the annual and long-range plans deal with the company’s current business and how to keep them going, while the strategic plan deals with:

Related MCQs

• The three types of plans usually prepared by companies include annual plans, strategic plans and ___________ plans.
• Strategic plans cover a broader view of the organization and include the formulation of goals, whereas operational plans define ways to:
• The plans which deal with fairly small set of activities are called:
• The plans which deal with fairly small set of activities are called:
• A strategic plan is also called ___________
• Standing plan ( Repeated plan) means
• While practicing principles of management ………………………….. cannot be neglected as business have to fulfill social and ethical responsibility towards society.
• Management Principles increase managerial efficiency as manager leave routine decision making to his subordinates and deal with expectional situations which require his expertise by following the Principles of delegation. Which Does the above case signify about management?
• What would be the best description of plans that focus on the broad future of the organization and incorporate both external environmental demands and internal resources into managers’ actions?
• That would be the best description of plans that focus on the broad future of the organization and incorporate both external environmental demands and internal resources into managers’ actions?