Which of the Following Is a Difference Between Strategic Planning

question 26

Multiple Choice

Which of the following is a difference between strategic planning and tactical planning?

• A) Strategic planning is done by top-level managers, whereas tactical planning is done by middle managers.
• B) Strategic planning deals with day-to-day manufacturing activities, whereas tactical planning deals with determining a vision.
• C) Strategic planning focuses on the short-term objectives of a firm, whereas tactical planning focuses on the long-term objectives of a firm.
• D) Strategic planning deals with determining specific action steps, whereas tactical planning deals with determining broad action steps.

---

Definitions:

Joint Venture

A partnership where at least two entities contribute their resources to complete a designated project.

Direct Investment

The purchase or establishment of a controlling interest in foreign businesses by a company or individual, often involving significant ownership of a stake or property.

Scanning

The process of analyzing the environment to identify changes or trends that may affect an organization's future.

Global Marketplace

The global marketplace encompasses the worldwide economic environment where goods, services, currencies, and information are bought and sold across national borders.