Contrast the four decision types, strategic planning, tactical planning, management control and operational control, by the five decision characteristics, time frame, scope, level of details, recurrence, and certainty

Answer 1

Strategic planning decisions are 1) typically long-term in nature, 2) have a high impact on the firm, 3) require highly summarized information, 4) typically non-recurring problems/opportunities, and 5) uncertain in nature.

Tactical planning decisions are 1) typically medium-term in nature, 2) have a medium impact on the firm, 3) require detailed information, 4) typically are periodically recurring problems/opportunities, and 5) highly certain in nature.

Management control decisions are 1) typically medium-term in nature, 2) have a low impact on the firm, 3) require moderately summarized information, 4) typically are periodically recurring problems/opportunities, and 5) uncertain in nature.

Operational control decisions are 1) typically short-term in nature, 2) have a low impact on the firm, 3) require highly detailed information, 4) typically are periodically recurring problems/opportunities, and 5) highly certain in nature.