In a typical organizational model, what do top managers develop to define a company's overall mission and goals?

Top managers are responsible for establishing the long-term direction and overall purpose of the organization, which is articulated through strategic plans. These plans outline the company's mission, vision, and the key objectives it aims to achieve over an extended timeframe, typically spanning several years. By focusing on strategic planning, top managers can ensure that the organization aligns its resources and efforts toward fulfilling its overarching goals, responding effectively to external market conditions and internal capabilities.

While short-term plans, operational plans, and tactical plans play important roles within the organizational structure, they focus on different aspects. Short-term plans tend to address immediate needs and actions, typically over a year or less. Operational plans are more concerned with the day-to-day functioning and the processes necessary to implement broader strategies. Tactical plans bridge the gap between strategic and operational plans by detailing specific actions, generally covering a shorter timeframe and often emphasizing departmental objectives.

Strategic plans encompass a more holistic view and thus serve as the foundation from which these other types of plans are derived, ensuring that all levels of management are aligned with the company's mission and long-term goals.