QUESTION IMAGE
Question
2 - planning
learning objective: identify the elements of planning in the polc model.
which type of planning emphasizes long-term objectives and establishing an organizations overall strategy?
a.) tactical planning
b.) contingency planning
c.) operational planning
d.) strategic planning
Identify the core question
The question asks which type of planning focuses on long-term objectives and establishing an organization's overall strategy.
Analyze the planning types
- Strategic planning involves analyzing competitive opportunities and threats, as well as the strengths and weaknesses of the organization, and then determining how to position the organization to compete effectively in its environment. It has a long-term time horizon (often three to five years or more) and sets the overall direction.
- Tactical planning is intermediate-range planning designed to develop relatively concrete and short-term means to implement the strategic plan.
- Operational planning assumes the existence of organization-wide or subunit goals and objectives and specifies ways to achieve them in the very short term (daily, weekly, or monthly).
- Contingency planning involves identifying alternative courses of action that can be implemented if and when the original plan is disrupted.
Match definition to options
The emphasis on "long-term objectives" and "overall strategy" directly matches the definition of strategic planning.
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- a.) Tactical planning
- b.) Contingency planning
- c.) Operational planning
- d.) Strategic planning (Correct answer)