Homework Answers
Operational, strategic and tactical are three types of planning methodology.
Strategic planning is deisgned keeping entire organisational growth in mind.Top level management like CEO, Board of Directors and CFO rollout new strategic action based on market insight.
Tactical planning is deisgned to be specific where strategic plan gets supplemented and is segregated to particular section or departments or locations. Moddle management thus designs the departmental plan and budgets and rolls out specific actions for revival of the respective functions.
Operational plan is designed to be bottom of pyramid where these plans get executed and implemented in phassed manner. Lower level management is responsible for successful execution and delivering results in long run.
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