Management And Leadership | MCQs

Explanation

A strategic plan is typically referred to as a long-term plan.

For the business growth and business long-term project execution plan

It outlines an organization's long-term goals and the strategies to achieve them, usually over several years.

Short-term plans, on the other hand, focus on more immediate goals and actions.

Explanation

Controlling is a regulatory process that directs the activities of an organization to achieve specific goals.

In management, controlling involves:

• Setting Standards
• Monitoring Performance
• Comparing Results
• Taking Corrective Actions