A "Strategic plan' is also called?
Correct answer: A. long term plan
- A. long term plan
- B. short term plan
- C. Both A and B
- D. none of aboveCompare HR Software
Explanation
A strategic plan sets the organisation's long-term direction, objectives and broad methods for achieving them. Short-term plans are usually tactical or operational plans derived from the strategic plan.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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