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Planning in Management: Strategic, Tactical and Operational Plans. (The…

- - - - Broad objectives
        Mission statements
    - - Operational
        Tactical
        Strategic #
- - - - For long periods of time
- - - - Flexible document
        
        Contain all the necessary
        to achieve the goals
    - - Specific Goals with Deadlines
      - Budgets
        
        The output and input flows :warning:
      - Resources
      - Marketing, Financing, etc.
    - - Medium term
    - - Efficiency :recycle:
- - - - Single Use Plans
        
        Usually are very specific.
        
        created for events / activities
        that will only happen once.
      - Permanent Plans
        
        TYPES: :red_flag:
        
        Policies
        
        General document that dictates
        to approach a problem. :warning:
        
        Rules
        
        Specific regulations
        
        Procedures
        
        Describes a step-by-step process :pencil2:
  - - - Shor term
  - - - by the strategic and
        tactical planning levels. # #
- - - - When Plan A doesn't work,
        you use your contingency plan.
        
        Principles
        
        Address all
        business-critical
        operations :warning:
        
        Ways to minimize losses
        
        Identify risks :forbidden:
        
        List of potential threats
        
        Prioritizing risks :red_cross:
        
        Respond quickly
        and effectively
      - Risk Impact/Probability Charts
        
        Analyze the impact of each risk
      - To carry out :pencil2:
        
        Identify Threats
        
        Human
        Operational
        Reputational
        Procedural
        Project
        Financial
        Technical
        Natural
        Political
        Structural
        
        Estimate Risk
        
        Risk Value = Probability of Event x Cost of Event
    - - Guidelines to prepare
        contingency plan
        
        Maintain business operations
        Define time periods
        Identify the trigger
        Keep the plan simple
        Related resource restrictions
        Identify everyone's needs
        Define 'success'
        Include contingency plans
        in standard operating procedures
        Manage your risks
        Identify operational inefficiencies
    - - Need to review and update
        
        Communicate
        Inform
        Provide
        Conduct
        Assess
        Review
        Distribute
        Keep
        Audit