Professional Documents
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Question No. 1
Each organization strives for achieving organizational goals and objectives. Planning
process is termed as a roadmap to achieve these goals. It involves assessment of goals and
making a comprehensive plan to achieve these goals. Management planning process incorporate
both short term and long term strategies to produce authenticated results. This process is based
achieve those goals, then tasks are designed, which are required to be completed in process of
goal attaining, another step is to set time and establishment of evaluation methods helps in
Question No. 2
Tactical planning is usually for a shorter period of time, which ranges from less than one
year. It includes the planning that what an organization need to do to remain competitive or to
earn profit, whereas strategic planning is made for long period of time. Following are the main
differences between tactical and strategic planning. In organizations upper management have
better knowledge of organization than middle and lower level managers, therefore upper manger
make strategic plans, whereas middle level managers know day to day operations and make
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tactical planning. Strategic plans are based on analyzing future and tactical planning involves day
to day analysis of activities. Strategic plans are more detailed and it is difficult to find facts
Question No. 3
SWOT Analysis
Strengths
o Distance learning.
Weaknesses
o Less funding.
o Less space
Opportunities
o Location
Threat
o Rivalry
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Question No. 4
The term mission statement is also serves as the purpose of existence of organization,
individuals and company. It shows the core purpose of business. it shows what is good for
business and what is not, it identify markets in which organization will operate or serve, it also
act as communication to show the intended direction of the organization. Each organization work
by making specific goals and objectives, mission statement helps the managers to make
organizational goals in accordance with the mission statement. Mission statement is made for the
organization employees to communicate goals and purpose of its existence[ CITATION Kle91 \l
1033 ].
Question No. 5
There are number of factors in human behavior which cause disturbance in effective
decision making. A good decision is based on knowledge and information regarding the
decision. If an individual is overconfident then it may hinder the effective decision making.
Aggressive behavior of individual can also impact the decision making process. These
obstructions are more damaging in imperative choice making gatherings than in routine
gatherings, and they agitate viable director’s more than insufficient ones.
Question No. 6
Every person’s major goal or aim of life is to become successful and to earn bread and
butter. I have an interest in setting up my own business because I cannot work under the
supervision of others and to earn and generate profits by satisfying need of customers. Serving
Question No. 7
foresightedness. He should have good communication skills to motivate their subordinates and
employees. He also required to have decision making skills. He also required to have potential to
Question No. 8
Major challenges that managers are facing in these days are diverse workforce in an
organization. World is becoming global and different people belong to different cultures work
together in an organization. Managers are required to maintain a culture which motivate all
Question No. 9
to follow the strategies of parent firm, whereas in businesses individual is free in making strategy
Works Cited
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Klemm, Mary, Stuart Sanderson and George Luffman. "Mission statements: selling corporate
Lackman , Conway, Kenneth Saban and John Lanasa. "The contribution of market intelligence to
tactical and strategic business decisions." Marketing Intelligence & Planning (2000): 6-9.