Xtreme Toys, a company that manufactures toys inspired by popular video games, creates a strategic plan to be the leader in the product category within a period of three years. The company's middle management also creates a half-yearly plan to ensure that the objectives of the strategic plan are properly implemented. The half-yearly plan created by Xtreme Toys can be regarded as a (n)

Question

Keyla Fox

Business

24 September, 00:05

Xtreme Toys, a company that manufactures toys inspired by popular video games, creates a strategic plan to be the leader in the product category within a period of three years. The company's middle management also creates a half-yearly plan to ensure that the objectives of the strategic plan are properly implemented. The half-yearly plan created by Xtreme Toys can be regarded as a (n)

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Adeline · Answer 1

The correct answer is tactical plan.

Explanation:

Tactical planning takes a strategic plan of the company and establishes certain measures and short-term plans, usually by department of the company or function. The horizon of tactical planning is shorter than the horizon of the strategic plan. If the strategic plan is five years, the tactical plans can be for a period of one to three years, or even less, depending on what type of market the company serves and the pace of change.