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 [...]
After reading this article you will learn about:- 1. Meaning of Planning 2. Types of Planning 3. Components 4. Advantages 5. Limitations. Meaning of Planning: Planning is very important for successfulness and the effective performance of an organisation not only for organisations but also for individuals. It is the most basic of all the managerial functions. It involves selecting missions [...]
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 [...]