Types of Plans

Type of plan that produces fundamental decisions and actions that shape and guide what an organization is, who it serves, what it does, and why it does it, with a focus on the future

• Strategic Planning

• Tactical Planning

• Single-Use Plans

• Directional Plans

Includes all the activities that lead to the definition of objectives and to the determination of appropriate courses of action to achieve those objectives.

• Objectives

• Planning

• Goal Setting

• Strategy

Planning is the beginning process of management

• True

• False

Decision making is not an integral part of planning

• False

• True

The following are the advantages/benefits of planning to an organization except for ONE.

• Planning helps the organization to focus on their goals

• It maximizes risk and uncertainty.

• It trains the executives and employees

• It helps facilitate control

Type of plan that is only relevant for specified time and will be formulated again for the next period.

• Standing Plans

• Single Use Plans

• Tactical Plan

• Short-Term Plan

This plan have ongoing meaning and applications for an organization. It is something that's being reused every year or is repetitive.

• Standing Plans

• Repetitive Plans

• Long-Term Plans

• Operational Planning

This type of plan deals more with issues of efficiency than with long term effectiveness

• Standing Plan

• Directional Plans

• Strategic Planning

• Tactical Planning

This plan is considered to be more focused, short term, and specific. It translates the broad concepts of the strategic plan into clear numbers, specific steps, and measurable objectives for the short term.

• Specific Plans

• Tactical Planning

• Operational Planning

• Directional Planning

This plan is considered to be comprehensive, long term, and general. It focus on broad, enduring issues for ensuring a firm's effectiveness over a long period of time.

• Strategic Goal

• Strategic Planning

• Standing Goal

• Standing Planning