Types Of Plans In Business

Types Of Plans In Business-10
Operational Plans: They are made for supporting the implementation of tactical plans and achievement of operational goals.They clearly specify the things needed to be done in the short run, in order to achieve the operational goals.

Operational Plans: They are made for supporting the implementation of tactical plans and achievement of operational goals.

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They are developed by top management after consulting the board of director and middle management.

These are acted upon by all the departments, sections and individuals.

Tactical Plans: Tactical plans are developed to support the implementation of strategic plans.

These plans are developed by middle managers after consulting lower-level managers.

They are more specific and concrete than strategic plans.

Types Of Plans In Business

The success of strategic and tactical plans depends upon the achievement of operational goals.

For example, to impart training to employees at various level orientation programmes, lectures and seminars can be used for top-level management, job training methods and work-oriented methods for supervisory level and on the job training methods for workers.

Rules are specific statements that inform what is to be done.

A strategy provides the broad contours of an organization’s business.

These are the plans which act as a guideline to move the organization from where it currently is to where it wants to be.

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