Certification in Supplier Diversity Practice Exam

What distinguishes strategic goals from operational goals?

1. Strategic goals are more specific

2. Strategic goals are less specific with a longer timeframe

3. Operational goals are set at a corporate level

4. Operational goals have a broader focus

The correct answer is: Strategic goals are less specific with a longer timeframe

Strategic goals are characterized by their broader, long-term focus compared to operational goals. These goals are typically less specific and span an extended timeframe, often encompassing visions for the overall direction of an organization. They guide the organization in achieving major objectives that align with its mission and vision. In contrast, operational goals tend to be more immediate and specific, focusing on the day-to-day activities that are necessary to achieve the strategic goals. By having a longer timeframe, strategic goals allow organizations to adapt to changes in the market or industry while providing a framework that directs operational decisions and actions. This distinction is crucial for ensuring that teams and individuals within the organization understand how their day-to-day activities contribute towards fulfilling the broader objectives set out in the strategic plan.