What are the different types of planning and at what levels of management are they performed?
What will be an ideal response?
Strategic planning is performed through top level management. It involves the long-term goals of the organization. Human resources is closely tied to this type of planning. To carry out the strategy, tactical planning is performed by middle managers to develop a short-term plan that aligns the right company resources with the strategic plan established by top management. To carry out the tactical plan, operational planning is performed by first level managers in specific departments in order to figure out how they will carry out the specific tasks, activities, and responsibilities they are assigned in the tactical plan.
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a. Identify someone who is more senior than you. b. The mentor needs to know the organization's culture. c. The mentor's advice is intended to be shared with others. d. None of the above.
Money borrowed for a mortgage would be a(n) ________ activity
A) operating B) financing C) investing D) non-cash