Business Management Notes Chapter 5 Julia Underwood

Hierarchies of objectives lower level objectives help

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Unformatted text preview: - Improved coordination and control A. Planning links with control so success can be measured B. Hierarchies of objectives – lower level objectives help accomplish higher plans. C. Types of plans 1. Short- range and long- range plans. 2.Strategic and operational plans. 3. Organizational policies and procedures are plans. 4. Budgets are plans that commit resources to activities. a) Short- range plans a. Usually cover a yea...
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