Which type of planning guides current and near-term activities?

Study for the UofT MGT100 Fundamentals of Management Exam. Practice with quizzes and detailed study materials to excel. Prepare with clear explanations and valuable tips to ace your exam!

The correct choice relates to the concept of tactical planning, which focuses on guiding mid-term actions that help implement the overall strategy of an organization. It serves as a bridge between strategic planning, which outlines long-term goals and direction, and operational planning, which concentrates on day-to-day operations.

Tactical planning involves setting specific objectives and developing plans to achieve these goals, typically within a timeframe of one to three years. This type of planning allows managers to respond to immediate challenges and align resources accordingly. It addresses how to achieve the broader strategies laid out in strategic planning while ensuring that operational tasks and initiatives are directed towards those ends.

In contrast, strategic planning looks at the long-term vision and broader goals of the organization, while operational planning deals with the minute details needed for daily operations. Contingency planning is intended for unexpected events and is focused on preparing responses for potential crises rather than guiding the current or near-term activities systematically.

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