Business Management Planning

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The issues can be fully addressed through 1) Development of strategic business management plans and policies and 2) Allocation of business resources.

Theses are the tools of the strategy for business management.

For example, when Martha, the middle-level manager at Nino's, learns about Tommy's strategic plan for increasing productivity, Martha immediately begins to think about possible tactical plans to ensure that happens.

Tactical planning for Martha might include things like testing a new process in making pizzas that has been proven to shorten the amount of time it takes for prepping the pizza to be cooked or perhaps looking into purchasing a better oven that can speed up the amount of time it takes to cook a pizza or even considering ways to better map out delivery routes and drivers.

Business management strategies can be viewed by different angles, such as the business organization approach or the sociological approach for managing human interactions and relations between the lowest and highest level of managerial authority.

However, such a strategy is always the foundation for both functional management and operational management.

Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free This lesson will explain the four types of planning used by managers, including strategic, tactical, operational and contingency planning.

Terms, such as single-use plans, continuing plans, policy, procedure and rule, will also be defined.

Have you ever heard the saying 'Those who fail to plan, plan to fail'?

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