Planning Factors (Scenario)
As vice president of a local manufacturer, you are interested in developing a new organizational plan. However, you are not sure who you should assign to the varying planning tasks. At the same time, several other issues that could deeply affect your business are pending, including rising interest rates and the potential formation of a new employee union. You must also consider your firm's contracts with large vendors that extend five years into the future.
-Which plans should you and other top management members be developing?
A) Strategic
B) Operational
C) Overall
D) Specific

Question

Quizplus · Accepted Answer

Strategic planning is the responsibility of top management, especially when considering long-term issues such as interest rates, potential unionization, and long-term vendor contracts. These factors affect the overall direction and goals of the organization.

Planning Factors (Scenario) As Vice President of a Local Manufacturer, You Are Interested