Operational Planning Refers To

question 34

Multiple Choice

Operational planning refers to:

• A)planning with a time horizon of one to three years and specifies fairly concrete ways to implement the strategic plan.
• B)planning with a time horizon of less than one year and specifies concrete action steps to achieve organization-wide strategic and tactical plans.
• C)planning with a time horizon of three years or more and setting a plan to best position the organization to compete effectively in the environment.
• D)the decision about the nature of the jobs in an organization.
• E)a management function that develops an organizational structure and coordinates human resources within that structure to achieve organizational objectives.

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Definitions:

Staff Management

The function of leading, organizing, and supervising employees to achieve organizational goals efficiently and effectively.

Indirect Responsibilities

Duties or obligations not directly tied to one's primary job function but essential for supporting broader organizational goals.

Value Creation

Value Creation involves processes or activities that increase the worth of a product or service, enhancing its value to consumers and leading to competitive advantage.

Shareholder Value

The financial worth delivered to shareholders of a corporation due to management's ability to increase earnings, dividends, and share price.