Question : The Hierarchy of Plans includes which of the following levels?
Option 1: Organizational plans, operational plans, and tactical plans
Option 2: Organizational plans, strategic plans, and contingency plans
Option 3: Tactical plans, operational plans, and financial plans
Option 4: Contingency plans, budget plans, and marketing plans
Correct Answer:
Organizational plans, operational plans, and tactical plans
Solution : The correct answer is (a) Organizational plans, operational plans, and tactical plans.
The Hierarchy of Plans represents a framework that organizes plans based on their scope, focus, and time frame. It includes various levels of plans that align with different levels of the organizational hierarchy.
Organizational plans: These plans are developed at the highest level of the organization and set the overall direction, goals, and strategies for the entire organization. They provide a broad framework for decision-making and resource allocation.
Operational plans: These plans are developed at the middle level of the organization and focus on the day-to-day operations and activities that contribute to achieving the organizational goals. They provide specific guidance on how to carry out the activities, processes, and tasks required to implement the strategic plans.
Tactical plans: These plans are developed at the lower level of the organization and are more specific and focused than operational plans. They are short-term plans that outline the specific actions, resources, and timelines required to achieve the operational objectives.
