1.Strategic objectives are of medium and long term nature, while operational objectives are short term, covering a period of one year or less.
2.Strategic objectives are for the organization or business unit as a whole, while operational objectives provide guidance for specific functional or operational units only.
3.Strategic objectives are concerned with developing the organization's future potential, while operational objectives are concerned with current perfomance.
4.Strategic objectives focus mainly on effectiveness of the organization, while operational objectives are for implementation of strategies and hence focus mainly on efficiency.
5.Strategic objectives are derived from environmental analysis, while operational objectives are usually derived from strategic objectives.
Estrellah W answered the question on June 3, 2019 at 11:50
- Why is it important for managers to understand the external environment?(Solved)
These are reasons why managers should be well conversant with the external environment.
Date posted: June 3, 2019. Answers (1)
- Distinguish between project monitoring and project evaluation(Solved)
Distinguish between project monitoring and project evaluation
Date posted: May 10, 2019. Answers (1)
- What is the Strategy Implementation Process?(Solved)
Discuss the Strategy Implementation Process.
Date posted: April 16, 2019. Answers (1)
- What are the types of Retrenchment?(Solved)
Discuss the types of Retrenchment.
Date posted: April 16, 2019. Answers (1)
- What are the growth strategies in a business?(Solved)
Discuss the growth strategies in a business.
Date posted: April 16, 2019. Answers (1)
- What are the disadvantages of Product Differentiation?(Solved)
Give the disadvantages of Product Differentiation.
Date posted: April 16, 2019. Answers (1)
- What are the advantages of Product Differentiation?(Solved)
Give the advantages of Product Differentiation.
Date posted: April 16, 2019. Answers (1)
- What is Product Differentiation?(Solved)
Define Product Differentiation.
Date posted: April 16, 2019. Answers (1)
- What are the forces in a competitive environment(Industry Environment)?(Solved)
Explain the forces in a competitive environment(Industry Environment).
Date posted: April 16, 2019. Answers (1)
- What are the environmental factors affecting a firm's strategy?(Solved)
Discuss the environmental factors affecting a firm's strategy.
Date posted: April 16, 2019. Answers (1)
- What are the elements of a Strategic Choice?(Solved)
Discuss the elements of a Strategic Choice.
Date posted: April 16, 2019. Answers (1)
- What are the characteristics of a Vision?(Solved)
List the characteristics of a Vision.
Date posted: April 16, 2019. Answers (1)
- What are the problems associated with Mission Statement?(Solved)
Give the problems associated with Mission Statement.
Date posted: April 16, 2019. Answers (1)
- What are the components of a Strategy?(Solved)
Discuss the components of a Strategy.
Date posted: April 16, 2019. Answers (1)
- What are the elements of a good strategy?(Solved)
Discuss the elements of a good strategy.
Date posted: April 16, 2019. Answers (1)
- What is a Strategy?(Solved)
What is a Strategy?
Date posted: April 16, 2019. Answers (1)