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Type of Planning (Strategic (allocation of resources, formulation and…
Type of Planning
Strategic
allocation of resources
formulation and implementation of strategies
broader areas less specifics
Directional
opposite of specific
general guidlines
flexible
Operational
day to day activities
methods at various level
Specific
Clearly defined
not flexible to changes
Short term
less than 1 year
Intermediate term
Between 1 to 3 years
Long term
beyond 3 years