CH3 - PLANNING

These are plans that covers one year or less.

• Operational Plan

• Standing Plan

• Short Term Plan

A plan that applies to one particular

area or unit only; short term.

• Operational Plan

• Standing Plan

• Short Term Plan

These are ongoing plans and provide guidance

to organization’s activities.

• Operational Plan

• Standing Plan

• Short Term Plan

It includes the CEO, company presidents and senior executives.

• Front Line Management

• Top Level Management

• Middle Management

It reduces uncertainty; anticipates changes and their impact.

• Importance of Planning

• Types of Planning

• Planning

It is a broad view plan of the company.

• Strategic Plan

• Standing Plan

A process that involves the setting of the organization’s goals, establishing strategies for accomplishing those goals, and developing plans of action.

• Management

• Strategic Planning

• Planning

The identification of targets or desired ends that management wants to reach.

• Operating Plan

• Goal Setting

• Vision

A mental image of what the organization will be in the future.

• Mission

• Objectives

• Vision

What business term is being defined as what an organization is, why it exists, and its reason for being?

• policy

• mission

• stategy

• vision