This article throws light upon the eight important types of plans. The types are: 1. Objectives 2. Policies 3. Rules 4. Procedure 5. Programme 6. Schedules 7. Budget 8. Forecasting. Plans: Type # 1. Objectives: Objectives are plans for the future that will serve to provide direction for subsequent activity. We have a hierarchy of objectives. Primary or basic objectives [...]
This article throws light upon the top ten characteristics of good planning. Some of the characteristics are: 1. It is Based on Clearly Defined Objectives 2. It is Simple 3. It Provides for a Proper Analysis and Classification of Action 4. It is Flexible 5. It is Balanced, Practicable and Suitable According to the Size and form of the Business [...]
This article throws light upon the eight main steps involved in the planning process of an organisation. The steps are: 1. Perception of Opportunities 2. Establishing Objectives 3. Planning Premises 4. Identification of Alternatives 5. Evaluation of Alternatives 6. Choice of Alternative Plans 7. Formulation of Supporting Plan 8. Establishing Sequence of Activities. Step # 1. Perception of Opportunities: Perception [...]