ORGANIZATIONAL

PLANS
 INTRODUCTION
◦ A plan is a specified course of action to achieve desired results.
◦ In a large organization, there are many types of plans.
◦ TYPES OF PLANS STRATEGIC
PLAN
CONTENTS OF
THE PLAN
OPERATIONAL
PLAN
PLANS
STANDING
PLANS
USAGE OF THE
PLANS
SINGLE USE
PLANS
 HIERARCHY OF PLANS
OBJECTIVE

STRATEGY

OPERATIONAL PLAN

STANDING PLANS SINGLE USE PLANS

 OBJECTIVE
◦ The objective is the end result which an individual or organization seeks to achieve by performing
relevant activities.
◦ ROLE OF OBJECTIVES
 Direction for action
Performance Standards
 Integrating Organization, Group and Individual
o FACTORS AFFECTING OBJECTIVE SETTING
Nature of Stakeholders
Organization’s Resources
Value System of Top Executives
 STRATEGY
◦ Strategy is an action that managers take to attain one or more of the organization’s goals. Strategy can
also be defined as “A general direction set for the company and its various components to achieve a
desired state in the future. Strategy results from the detailed strategic planning process”.
Features of Strategy
◦ Specialized plan to outperform the competitors.
◦ Details about how managers must respond to any change in the business environment.
◦ Redefines direction towards common goals.
◦ Reflects the concern to effectively mobilize resources.
◦ Maximizes the organization’s chances to achieve the set objectives.
TYPES OF STRATEGIES

CORPORATE
LEVEL STRATEGY

BUSINESS LEVEL
STRATEGY

FUNCTIONAL
LEVEL STRATEGY