What is medium range management plan?

A medium-range management plan typically spans one to three years and focuses on translating long-term strategic goals into actionable objectives. It encompasses resource allocation, budgeting, and operational strategies to ensure alignment with the organization's overall vision. This plan serves as a bridge between the high-level strategic plan and day-to-day operations, helping to guide decision-making and performance measurements. It often involves setting specific targets and milestones to track progress over the defined period.