2.Interrelationship of operational, current and long-term calendar planning of planning.
Operational plans support the strategic plan by laying out an action plan for a particular goal or project. They can also map out how individual business units or departments will contribute to organizational goals. Typically, operational plans have a short-term time horizon, typically a fiscal year. These plans are created by mid-level management and provide specific answers related to execution: who, what, when, where, and how much. Operational plans serve as a roadmap for daily operations.
Operational plans provide a pathway for business units and departments towards meeting the goals established in the strategic plan. Thus, you need to build a strategic plan before operational plans. Strategic plans give operational plans direction and help keep business units, departments and functions working towards a cohesive vision, even if their day-to-day activities and short-term objectives are different.
The most obvious difference between long-term and short-term planning is the amount of time each one takes; while short-term planning involves processes that take 12 months or less, long-term planning is, as the name suggests, longer – there’s no upper limit to the longevity of a long-term plan. Another difference is their complexity: long-term planning is more elaborate, tactical, and involves more steps. As opposed to that, short-term planning is often quite straightforward. Short-term goals usually serve as milestones that get you to your long-term goal. In business, short-term goals are mostly focused on internal issues, such as customer complaints or inefficient management, while long-term goals cover both external and internal issues. When you’re planning long-term, you need to be aware of external factors, like global trends and changes, political situation, the ways current events may affect the economy, and so on.
3.Personnel of enterprise, productivity and payment of labour.
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