What term is used for short-term plans detailing how to achieve objectives?

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Study for the UCF MAN6721 Applied Strategy and Business Policy Exam. Use flashcards and multiple choice questions with hints and explanations. Ace your test!

The term that best describes short-term plans detailing how to achieve objectives is functional tactics. Functional tactics focus on the specific actions and tasks required to implement broader strategies. They break down strategic goals into actionable steps that can be executed by various departments within an organization.

Functional tactics provide clarity on who is responsible for certain tasks, what resources are needed, and how progress will be measured. They serve as a bridge between high-level strategic plans and day-to-day operations, ensuring that the organization remains aligned with its overall objectives while managing immediate tasks effectively. By focusing on achieving specific, short-term goals, functional tactics facilitate the efficient use of resources and help organizations respond quickly to changing conditions.

In contrast, policies refer to the general guidelines and principles that govern decision-making within an organization, rather than specific action plans. Strategic control is a process for monitoring and adjusting strategies based on performance results, while continuous improvement is an overarching philosophy aimed at enhancing processes and outcomes over time. These concepts, while important to organizational management, do not specifically address the short-term planning aspect highlighted in the question.