Association of Chartered Certified Accountants (ACCA) Certification Practice Test

What is the typical timeframe used in Tactical Planning?

1. Long term

2. Short term

3. Medium term

4. Indefinite

The correct answer is: Medium term

Tactical planning typically focuses on specific actions and resource allocations that are aimed at achieving short to medium-term goals aligned with an organization’s strategic objectives. This planning usually spans a timeframe of one to three years, positioning it distinctly within the medium-term horizon. During this period, businesses often set measurable objectives that can be achieved within this timeframe, allowing for flexibility and responsiveness to changes in the market or organization. Tactical plans are essential for translating broader strategies into concrete actions, ensuring that daily operational decisions are informed by long-term goals. This differs significantly from long-term planning, which generally encompasses broader strategic objectives and spans a longer duration, often exceeding three years. Short-term planning, on the other hand, is more focused on immediate objectives, usually looking at a timeframe of less than a year. Indefinite planning is not a standard approach, as effective planning requires specific timeframes to measure progress and success.