A captive to my sword and to my lance, noble Captain,'' replied the Clerk of Copmanhurst; ``to my bow and to my halberd, I should rather say; and yet I have redeemed him by my divinity from a worse captivity.
An organizational strategy is the sum of the actions a company intends to take to achieve long-term goals. Together, these actions make up a companyâs strategic plan. Strategic plans take at least a year to complete, requiring involvement from all company levels. Top management creates the larger organizational strategy, while middle and lower management adopt goals and plans to fulfill the overall strategy step by step.
Three major types of plans can help managers achieve their organization's goals: strategic, tactical, and operational. Operational plans lead to the achievement of tactical plans, which in turn lead to the attainment of strategic plans. In addition to these three types of plans, managers should also develop a contingency plan in case their original plans fail. Operational plans The specific results expected from departments, work groups, and individuals are the operational goals.