Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Bpp question
- This topic has 9 replies, 2 voices, and was last updated 3 years ago by John Moffat.
- AuthorPosts
- August 1, 2021 at 5:38 pm #630063
Sir in the question 1.2 of bpp
Why can’t it be strategic planningThe word forthcoming is used. So definitely it needs to be a strategical planning sir
Please helpAugust 1, 2021 at 7:37 pm #630071All budgeting is planning for the future (I,e forthcoming). However this is planning for next year and so is not strategic planning which is planning for many years in the future.
August 2, 2021 at 10:20 am #630105Sir sir if they had mentioned 2 years then it can be concluded as a strategic planning and
If they had mentioned 1 year and 6 months ( as it is not many years ) then we consider as tactical planning?
My point is even if it is 1year and 11 months as long as it is not many years ( 2 or more years )
Then we call it as tactical planning
Correct sir ?
August 2, 2021 at 1:29 pm #630137Strategic planning is long-term. There is no specific definition of ‘long-term’ but it is generally regarded as being plans for 5 to 10 years in the future.
Do watch my free lectures working through Chapter 1 of our free lecture notes, where I explain all of this.
The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well 🙂
August 2, 2021 at 1:31 pm #630140Does that mean if a plan is taken
To open up a showroom in another 3 yearsIt’s regarded as tactical planning?
August 2, 2021 at 1:48 pm #630149No.
As I wrote before there is no definition of ‘long-term’. Strategic planning is planning for a change of strategy for the business such as developing a new product or expanding the business. Unless they already has a strategy of always opening new showrooms, then this would be regarded as strategic planning.
August 2, 2021 at 3:22 pm #630164Then sir within what range should the tactical planning come under
August 3, 2021 at 8:02 am #630209Have you actually watched the free lectures??
Tactical planning is usually looking at the next one to two years and is implementing the strategic plans in the short to medium term. Budgeting for the next year is an example of tactical planning.
August 3, 2021 at 12:32 pm #630255Yes I did watch them sir
Thank youAugust 3, 2021 at 6:51 pm #630297Under no circumstances must you provide a link on our website to a WhatsApp group to discuss queries you can discuss queries in the other (not Ask the Tutor) forum and nor must you answer in the Ask the Tutor Forum because you are not the tutor.
If you do it again then you will be blocked from our website.
- AuthorPosts
- The topic ‘Bpp question’ is closed to new replies.