BANA 2082 Chapter 1: Chapter 1.1
8 Nov 2020
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Document Summary
Executives are responsible for preparing, scheduling, organizing , and leading their companies to improved success. Ultimately, the duties of managers demand that political, tactical, or operational decisions be made. Strategic decisions entail higher-level issues relevant to the company"s strategic direction; these choices determine the overall priorities and goals of the organization for the future. Strategic options are typically the higher-level managers" domain and have a time span of three to five years. Tactical decisions are concerned with how the company can accomplish the goals and priorities set by its plan, and mid-level management is typically responsible for them. Usually, operational decisions last a year and are often revisited periodically or sometimes every six months. Operational decisions influence how the business works from day to day; they are the domain of managers of operations, who are nearest to the client. Consider the case of the organization for thoroughbred running (trc).
