Certification in Supplier Diversity Practice Exam

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Which type of plan is established for a maximum of one year?

Tactical plans
Strategic plans
Operational plans
Contingency plans

The correct answer is: Tactical plans

Tactical plans are specifically designed to achieve short-term objectives and are typically established for a maximum duration of one year. They serve as a bridge between strategic plans, which outline long-term goals and directions, and operational plans, which detail the day-to-day functions necessary to run an organization. Tactical plans are characterized by their focus on the allocation of resources to specific tasks or projects that contribute to achieving the broader strategic goals within a limited timeframe. They are essential for guiding teams or departments in executing the strategy, emphasizing immediate actions and outcomes. In contrast, strategic plans usually span several years and involve long-term vision and high-level goals that direct the overall direction of the organization. Operational plans are more detailed than tactical plans but focus on the implementation of specific tasks over even shorter timeframes, often articulated on a weekly or monthly basis. Contingency plans are created to address potential emergencies or unexpected events and are not necessarily bound by a one-year constraint.