Planning in Business

Type of Plans
Hierarchy of Plans
 Types of
Plans
Plans

Standing Plans Single Use Plans

Objectives Programmes
Policies Schedules
Strategies Projects
Procedures Budgets
Methods Rules
Prakhyath Rai, Asst. Professor, Department of ISE, SCEM,
Mangaluru-575007
2
 Hierarchy of Plans
Organizational Goals

Strategic Goals Strategic Plans

Tactical Goals Tactical Plans

Operational Goals Operational Plans

Prakhyath Rai, Asst. Professor, Department of ISE, SCEM, Mangaluru-575007 3

 Strategic Planning Tactical Planning Operational Planning

Long range plans Intermediate range plans Short range plans

Time Frame: 3 or more

Time Frame: 2-3 years Time Frame: one year
years
Responsibility of top Responsibility of middle Responsibility of lower
Management management level management
Concerned with Concerned with
Concerned with
objectives, policies, procedures, projects
schedules and methods
programmes and strategies
Responsible for Responsible for covering
Responsible for overall integrating the work of day-to-day operation
progress of the various department of the and implementing
company organization internal goals
Focus on planning Focus on directing and
Focus on co-ordination
and forecasting controlling

Prakhyath Rai, Asst. Professor, Department of ISE, SCEM, Mangaluru-575007 4

 Types of Planning

Prakhyath Rai, Asst. Professor, Department of ISE, SCEM, Mangaluru-575007 5

Hierarchy of Plans

Prakhyath Rai, Asst. Professor, Department of ISE, SCEM, Mangaluru-575007 6

7