unit no 1 lecture no 5

Explain the functions of Management.

State the types of planning.

What is planning?

What are the types of planning based on coverage of activity?

• Corporate Planning

• Functional Planning

What are the types of planning based on importance of contents?

• Strategic Planning

• Tactical/Operational Planning

What are the types of planning based on time period involved?

• Long term Planning

• Short term Planning

What are the types of planning based on approach adopted?

• Proactive Planning

• Reactive Planning

What are the types of planning based on degree of formalization?

• Formal Planning

• Informal Planning

What are the steps in planning?

What is the first step in planning?

• Deciding the planning period

• Establishing planning premises

• Evaluation and selection of alternative

• Identification of alternatives

• Establishing goals/objectives