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LC Business
LC Business

Operational Planning

This type of planning typically describes the day-to-day running of the company..

Strategic Planning

Strategic planning includes a high-level overview of the entire business. It’s the foundational basis of the organization and will dictate long-term decisions. The scope of strategic planning can be anywhere from the next two years to the next 10 years.

Tactical Planning

Tactical planning supports strategic planning. It includes tactics that the organization plans to use to achieve what’s outlined in the strategic plan. Often, the scope is less than one year and breaks down the strategic plan into actionable chunks.

Contingency Planning

Contingency... (More)

Different types of income.

Wages and Salaries: income recieved as a reward for work.

Pensions: A pension is income paid to people who have retired.

Child benefit: A payment made to parents/guardians of children.

Jobseekers benefit: A payment to people who are unable to find employment.

Working Family payment (WFP): A payment available to workers with children. It gives extra financial support to people on low pay.

Income from grants: A grant is a sum of money paid to someone for a specific purpose. Unlike a loan, it does not need to be repaid.

Interest on savings: Banks, building societies, the post office and... (More)


Characteristics of a good manager