Shane is an employee at Meta Fastener Inc. With an experience of over 20 years in the company, he today holds a top management position. Shane spends a major part of his
Time planning different ways to increase his company's market share. One such way, he
Believes, is by taking over a competitor firm. In this scenario, Shane is engaged in _____
Planning.

Question

Quizplus · Accepted Answer

Shane is planning ways to increase his company's market share, which is a long-term goal requiring strategic planning. Taking over a competitor firm is a strategic move towards achieving this goal. Tactical planning involves short-term planning to achieve specific objectives, enrichment planning is not a recognized planning term, and operational planning involves day-to-day activities to achieve immediate goals.

Shane Is an Employee at Meta Fastener Inc