Planning is an important function of management. This will further help you to learn about: Types of Plans Types of Plans in Planning Types of Plans in Principles of Management Types of Plans in Business Answer 1. Types of Plans: Type # 1. Policies: Policies of the general statements which are formulates by an organization for guidance of its personnel. [...]
Plans are classified into two types known as Multi-use Plans and Single-use Plans. Other names are standing plans or repeated use plans. They are used repeatedly in situations of a similar nature. They are also used for problems of repetitive nature. They are long-term plans in nature and they are used for the entire organisation. They are the effective means [...]
The following points highlight the three main types of plans that are made to achieve the objectives through the company policies. The plans are:- 1. Strategic Plans 2. Intermediate-Range Plans 3. Short-Range Plans. Type # 1. Strategic Plans : They determine both the major objectives of an organisation and the policies and strategies to achieve those objectives. Strategic plans are [...]