Formalise its planning and budgeting procedures

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Reference no: EM131650690

International Business College has recognised the need to formalise its planning and budgeting procedures and its Human Resource Director has been assigned to co-ordinate the budgets for five years to 31 December 2022. He recently attended a course on Financial Planning, Budgeting and Balanced Scorecard and has been puzzled by some of the concepts.

REQUIRED:

Explain the following concepts with examples to the Human Resource Director:

Strategic planning

Tactical planning

Operational planning

Reference no: EM131650690

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