Business Management Notes Chapter 5 Julia Underwood

Communicates broad guidelines for making decisions

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Unformatted text preview: r or less. b) Long- range plans a. Usually cover three years or more II. Strategic Plans identify long- term directions for the organization. III. Vision is the purpose for the organization - Policy 1. Communicates broad guidelines for making decisions - Procedure 1. Defines specific actions to be taken in specific situations - Contingency planning: identifies alternative cours...
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