The Three Kinds of Operational Plans Are Single-Use Plans, Standing

question 94

True/False

The three kinds of operational plans are single-use plans, standing plans, and budgets.

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Definitions:

Organizational Ambidexterity

The ability of an organization to balance and manage both exploitative activities (improving existing operations) and exploratory activities (innovation and new opportunities) efficiently.

Innovative Adaptation

The process of adjusting and inventing new methods or products to respond to changing environments or needs creatively.

Efficiency

The ability to achieve maximum productivity with minimum wasted effort or expense, often assessed in processes, systems, or organizations.

Top Executives Discretion

The authority and autonomy granted to high-level managers and executives to make decisions and take actions without needing approval from others.