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Four Categories of Business Planning

What are the four categories of business planning? Explain each of them. How does the level of management fit into the preferred process of planning?

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Planning is determining the course of action the business will need to fulfill it's mission, goals and objectives. The level of planning that is undertaken depends upon the management level of the employee, as well as the size and type of the organization. The four categories of business planning are strategic, tactical, contingency and managerial business planning.

Strategic planning is the determining of organizational goals and how to achieve them. This ...

Solution Summary

This solution discusses the four categories of business planning and explains how the level of management fits into the preferred process of planning. APA formatted reference is included.

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