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Fundamentals of Planning (The Basic Planning Process (6) Putting plans…
Fundamentals of Planning
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Plans
- A plan is a blueprint for goal achievement and specifies the necessary resource allocations, schedules, tasks and other actions
Goals
- A goal is a desired future state that the organisation attempts to realise
Mission Statement
- A mission statement is a broad declaration of the basic, unique purpose and scope of operations that distinguishes the organisation from others of its type.
Types of planning
Tactical Planning
- Done by the middle management
- Last 1 to 3 years
- More specific than strategic goals
Operational Planning
- Done by the First-line Managements
- Lasts lesser than a year
- Narrower in Scope
Strategic Planning
- Done by Top Management
- Last more than 5 years
- On the whole Organisation
Means-End Chain
- The end product of the lower management will become the resources of the higher management
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