Which of the following is true about functional planning?

Question

Quizplus · Accepted Answer

Functional planning is conducted by the various functional areas of a firm, such as marketing, finance, and operations, to ensure that their specific goals and objectives align with the overall strategic plan of the organization. It is not the same as strategic planning, which covers the entire organization and its long-term goals, nor is it the same as operational planning, which focuses on the day-to-day activities of the organization. Functional planning typically covers a shorter time span than strategic planning, but a longer time span than operational planning. Hierarchical management refers to the structure of an organization's management, not a type of planning.

Which of the Following Is True About Functional Planning