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Contrast formal and informal planning

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Reference no: EM131498346

Question: 1. Contrast formal and informal planning.

2. Under what circumstances are short-term plans preferred? Under what circumstances are specific plans preferred?

3. Describe the differences and explain the relationships between

(a) strategic and operational plans,

(b) short and long-term plans, and

(c) specific and directional plans.

Reference no: EM131498346

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