MT140 Assignment Example | Topics and Well Written Essays - 250 words - 1

MT140 - Assignment Example In the same way, they also correspond to the goals of an organization such that Strategic Planning represents long-term goals that may span from more than 3 years and up to 7 years, then Tactical Planning represents mid-term goals that is between 1 to 3 years, while Operational Planning represents the short-term goals which includes the day-to-day planning or the execution phase that could be around a year or less. In this stage, it was also stated that a mission or a policy usually goes from top to bottom but there are instances when it may go from bottom up because of instances where middle or operational management is able to see something relative to the company operations. The SWOT analysis was also discussed where it was pointed out that Strengths and Weaknesses are those that are internal to the organization while Opportunities and Threats are external to the organization. This tool in management is important so that one may be able to accurately evaluate the environment of the company and realize where it is yielding the best results but also looking at its potentials despite the dangers posed by other factors that may be beyond its