ween strategic planning and functional planning and describe specific situational uses for e
ween strategic planning and functional planning and describe specific situational uses for e
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
What is the difference between strategic planning and functional planning and
describe specific situational uses for each type of planning.
Expert Solution
Step 1
Planning entail's goal setting, and the accomplishment of these specified goals requires the use of managerial tasks including organizing, staffing, directing, and managing. Planning offers benchmarks by which to compare real performance. An organization's efficiency rises with planning. It lowers the hazards associated with contemporary economic activity.
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