Top Posters
Since Sunday
23
o
7
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
C
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
devildoc devildoc
wrote...
Go to Answer
Posts: 82
Rep: 0 0
2 months ago
Compare and contrast strategic planning and operational planning.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 3 times
1 Reply
Replies
Answer verified by a subject expert
shalashashalasha
wrote...
#1
Posts: 65
Rep: 0 0
2 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
Both strategic planning and operational planning are planning activities, one of the four general activities of managers. Strategic planning relates to long-term planning, while operational planning is another name for short-term planning. Strategic planning establishes the direction in which an organization wishes to go. Many organizations prepare a formal strategic plan that provides direction for a five- to ten-year period. Operational planning translates the long-term strategy into a short-term plan to be completed within the next year. One of the primary products of operational planning is likely a budget that specifies how resources will be spent to achieve the organizational goals.

This verified answer contains over 100 words.
1

Related Topics

devildoc Author
wrote...

2 months ago
This calls for a celebration Person Raising Both Hands in Celebration
erimis
wrote...

Yesterday
Brilliant ツ
ediblefruitz
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  361 People Browsing
 295 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 533
  
 109
  
 111
Your Opinion
What's your favorite math subject?
Votes: 184
Previous poll results: Do you believe in global warming?