Thursday, December 15, 2011

Types of plans

Types of plans:
A)Objectives:-Objectives or goals are the end which towards the activity is aimed.The process of objective setting is directed by management and it is the first step in planning

B)Purpose of missions:-The mission or purpose identifies the basic function or task of an enterprise or agency .Every kind of organized operation has ,or at least should have a purpose or mission .for ex the purpose of a business is the production and distribution of goals and services.

c)POLICIES:-Policies are guide to action. They include how resources are to be allocated and how tasks assigned to the organization might be accomplished .
Policies define a area within which a decision is to be made and ensure tat the decision will be consistent with and contribute to ,an objective.Plicies help decide issuses before they become problems ,make it unneccery to analyze the same situation every time it come up and unify other plans
•Policies are general statements or understanding which provides guidance in decision making of the subordinate.

D)STRATEGIES--A strategy is a unified, comprehensive, and integrated plan that relates the strategic advantages of the firm to the challenges of the environment. It is designed to ensure that the basic objectives of the enterprise are achieved through proper execution by the organization" (William F. Glueck, and Lawrence R. Jauch). The role of strategy is to identify the general approaches that the organization utilize to achieve its organizational objectives.
•Strategies are the complex of plans for bringing the organization from a given posture to a desired position in thefuture period of time.

E)PROCEDURES:-It Prescribe the manner or method by which the work is to be performed and Specific tasks, time to perform, persons who will perform.Procedures are plans in that they establish a method for handling future activities.Procedure explains how each of its tasks will take place and by whom it is to be performed.

Once the procedure is established, this can be used over and over again.
F)Rules:-–a decision made by the management regarding what is to be done and what is not to be done in a given situation.

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