CORPORATE STRATEGIC PLANNING INVOLVES FOUR TIME SPANS:

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Created by
Olivia

Cards (4)

  • Strategic plans that establish company’s vision, mission and major long-range objectives.
    Long period (5 or more years)
  • Intermediate-range plans cover about a three-year period. These are more specific plans in support of strategic plan.

    intermediate period (3 years)
  • Operating plans cover about one year. Plans are prepared month-by-month in sufficient detail for profit, human resources, budget and cost control.
    Operation period (1 year)
  • Activity plans are the day-to-day and week by-week plans. These plans may not be documented.
    Short period (day-to-day or week-by-week)