What Is Planning In Business Management

What Is Planning In Business Management-29
Strategic plans are designed with the entire organization in mind and begin with an organization's mission.Top-level managers, such as CEOs or presidents, will design and execute strategic plans to paint a picture of the desired future and long-term goals of the organization.Tactical plans are concerned with the responsibility and functionality of lower-level departments to fulfill their parts of the strategic plan.

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Creating a monthly budget and developing a promotional advertisement for the quarter to increase the sales of a certain product are examples of how Frank would utilize single-use planning.

Ongoing plans are those plans that are built to withstand the test of time.

Managers must plan the routine tasks of the department using a high level of detail.

Frank, the frontline manager at Nino's Pizzeria, is responsible for operational planning.

They are created with the intent to be used several times and undergo changes when necessary.

Outlining an employee's performance goals for the year would be considered an ongoing plan that Frank must develop, assess and update, if necessary.

Try it risk-free This lesson will explain the four types of planning used by managers, including strategic, tactical, operational and contingency planning.

Terms, such as single-use plans, continuing plans, policy, procedure and rule, will also be defined.

In doing so, a manager can be certain that he or she is working toward some organization goal.

There are three main types of plans that a manager will use in his or her pursuit of company goals, which include operational, tactical and strategic.

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