Process Between Planning And The Operation Of A Business

generally covers a period of about three years. It may include plans to open a new store or enter a new market.

• Long Term Planning

• Medium term Planning

• Short term Planning

This would involve implementing training programmes for staff and identifying equipment that would increase efficiency.

• Short Term Planning

• Long Term Planning

• Medium term Planning

are made daily, weekly and monthly by supervisors or persons in lower level management positions.

• Medium Term Planning

• Short Term Planning

• Long Term Planning

must continue to plan in order to ensure that its operations meet all long – term, medium- term and short- term goals

• Customers

• Suppliers

• Managers

are made by the directors or persons in senior management positions of a company.

• Long Term Planning

• Short term Planning

• Medium Term Planning

These plans set out the firm’s overall strategy to move from its present position to where it intends to be.

• Short term Planning

• Medium Term Planning

• Long Term Planning

They are made by department managers or persons in middle management positions.

• Medium term Planning

• Short Term Planning

• Long Term Planning

include increasing the efficiency of a department in order to increase the quality and quantity of output

• Short Term Planning

• Medium Term Planning

• Long Term Planning

fundamental management function, which involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it

• Motivating

• Controlling

• Plannning

objectives are geared towards needs such as improving cash flow

• Short Term Planning

• Medium term Planning

• Long Term Planning