a plan refers to a course of action or a direction in which

What is meant by policy as a type of plan?

Ans. Method provides the precribed ways in which work is to be performed considering the objective. 2. Give the meaning of policy as type of plan. (Delhi 2014) What is meant by policy as a type of plan? (Delhi 2014; All India 2009) Ans. A policy is a general statement which guides the action and decision of the subordinates in various departments.

What is the difference between an action plan and standing plan?

___ which is typically designed for a 1-year period, defines how you will conduct your business based on the action plan; it identifies clear targets such as revenues, cash flow, and market share. Standing plans __ are plans developed for activities that occur repeatedly over a period of time Policy

What are the objectives of a plan?

1. Meaning of Plan objectives. It is a document that outlines how goals are going to be met. 2. Different Types of Plan Single use plan Plans which are formulated for one time event or project. Such an action is not expected to be repeated in future. Such plans are developed to meet the needs of a unique situation.

What are the different types of plan?

Different Types of Plan Single use plan Plans which are formulated for one time event or project. Such an action is not expected to be repeated in future. Such plans are developed to meet the needs of a unique situation. Types of such plans are projects and programmes.

What is a direction plan?

Definition (1): Directional plans are flexible plans that set out general guidelines. They provide focus but don't lock managers into specific goals or courses of action.

Which term describes a plan of action or a set of goals?

An action plan is a detailed plan outlining actions needed to reach one or more goals.

What are the 4 types of planning?

The 4 Types of PlansOperational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. ... Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. ... Tactical Planning. ... Contingency Planning.

What are the 3 types of planning?

There are three major types of planning, which include operational, tactical and strategic planning.

What is an action plan?

An Action Plan is a list of tasks that you need to do to complete a simple project or objective. To draw one up, simply list the tasks that you need to complete to deliver your project or objective, in the order that you need to complete them.

What is Plan of Action in research?

The action plan is essentially a proposed strategy for implementing the results of your action research project. As the action plan is implemented, its effectiveness must continually be monitored, evaluated, and revised, thus perpetuating the cyclical nature of action research.

What is plan Example?

For example, a corporate communications team that is planning an investor event may develop a contingency plan to prepare for problems that may disrupt the event....Contingency Plan.Overview: PlansTypePlanningDefinitionA set of goals and series of steps that can be taken to achieve each goal.1 more row•Mar 16, 2019

What is plan explain types of plans?

There are four types of planning. Each type of plan commits employees within different departments and their resources to specific actions. While there are many different types, the four major types of plans include strategic, tactical, operational, and contingency.

What is the purpose of planning?

Planning enables the management to look into the future and discover suitable alternative course of action. Planning helps the management to have a clear-cut idea about the future and to frame a suitable programme for action.

What are the methods of plans?

Methods of Planning: Top-Down, Bottom-Up, Composite, and Team MethodTop-Down Method (Top-Down Planning)Bottom-Up Method (Bottom-Up Planning)Composite Method (MBO)Team Method.

How do you make a plan?

How to build a plan that worksWrite down your goal.Create a plan by dividing your goal into chunks.Review your plan daily.Stay on target.

What is short plan?

Short-term planning is usually considered to take 12 months or less. Your daily, weekly, monthly, even quarterly and yearly goals – all can be filed under “short-term goals.” They are stepping stones that will help you to reach your big goal(s).

Given the meaning of method as a type of plan. (All India 2014; Delhi 2014)

Method provides the precribed ways in which work is to be performed considering the objective.

Give the meaning of policy as type of plan. (Delhi 2014)

A policy is a general statement which guides the action and decision of the subordinates in various departments. It provides the basis for interpre...

Which type of plan has the least flexibility and why? (HOTS; All India 2014C, 2008)

Rules are enforced rigidly. No exception or deviations are allowed in rules. With regard to rule, the managers have no scope for discretion.

Name the type of plan which specifies the steps to carry out different activities in a chronological...

Procedure lays down the routine steps on how to carry out activities. They are specified in a chronological order.

What is a plan in business?

A plan is a specific action proposed to help the organisation in achieving its. objectives. It is a document that outlines how goals are going to be met. 2. Different Types of Plan. Single use plan Plans which are formulated for one time event or project. Such an action is not expected to be repeated in future.

What is standing plan?

Standing plans Plans which are formed for the activities which occur regularly over a period of time. It is formed so the operations of the organisation can run smoothly. Types of such plans are policies, procedures, methods, rules, etc.

What are the different types of business plans?

Planning Important Questions for CBSE Class 12 Business Studies Different Types of Plan 1 Single use plan Plans which are formulated for one time event or project. Such an action is not expected to be repeated in future. Such plans are developed to meet the needs of a unique situation. Types of such plans are projects and programmes. 2 Standing plans Plans which are formed for the activities which occur regularly over a period of time. It is formed so the operations of the organisation can run smoothly. Types of such plans are policies, procedures, methods, rules, etc 3 Objectives These are defined as ends which the management seeks to achieve by its operations. 4 Strategy A strategy is a comprehensive plan for accomplishing an organisation’s objectives. 5 Policies These are general guidelines which facilitate achievement of pre determined objectives. 6 Procedures It is a stipulated sequence of a course of action for handling activities. 7 Methods It provides prescribed ways or manner in which a task has to be performed considering the objective. 8 Rules These are the specific statements that informs what is to be done and what not. 9 Programme These are the combination of objectives, policies, procedures and rules, for a project. ‘ 10 Budgets A budget is a plan which states expected results for a given future period in numerical terms.

What is a strategy in business?

Strategy A strategy is a comprehensive plan for accomplishing an organisation’s objectives. Policies These are general guidelines which facilitate achievement of pre determined objectives. Procedures It is a stipulated sequence of a course of action for handling activities.

Why are policies made at every level?

Policies are made at every level because the managers at every level need to decide or predetermine the way of handling a situation and policy acts as a guide to take decisions in an unexpected situation. For example, a school may have a policy of issuing admission to the students who have secured more than 60% marks.

What is strategic plan?

Strategic plans (institutional)—define the organization’s long-term vision; articulate the organization’s mission and value statements; define what business the organization is in or hopes to be in; articulate how the organization will integrate itself into its general and task environments.

What is administrative plan?

Administrative plans—specify the allocation of organizational resources to internal units of the organization; address the integration of the institutional level of the organization (for example, vision formulation) with the technical core (vision implementation); address the integration of the diverse units of the organization.

Why are the three hierarchical plans interdependent?

The three hierarchical plans are interdependent, as they support the fulfillment of the three organizational needs. In the organization’s hierarchy, the technical core plans day-to-day operations.

What are the three levels of organizational needs?

As revealed in (Figure), the three types of hierarchical plans are strategic, administrative, and operating (technical core). The three hierarchical plans are interdependent, as they support the fulfillment of the three organizational needs. In the organization’s hierarchy, the technical core plans day-to-day operations.

What is contingency planning?

Contingency plans are created to deal with what might happen if these assumptions turn out to be wrong. Contingency planning is thu s the development of alternative courses of action to be implemented if events disrupt a planned course of action. A contingency plan allows management to act immediately if an unplanned occurrence, such as a strike, boycott, natural disaster, or major economic shift, renders existing plans inoperable or inappropriate. For example, airlines develop contingency plans to deal with terrorism and air tragedies. Most contingency plans are never implemented, but when needed, they are of crucial importance.

What are the major categories of planning?

The major categories are hierarchical, frequency-of-use (repetitiveness), time-frame, organizational scope, and contingency. (Figure) provides a closer look at many types of plans that fall in each of these categories.

What is a standing policy?

Standing plans, such as rules, policies, and procedures, are designed to cover issues that managers face repeatedly. For example, managers may be concerned about tardiness, a problem that may occur often in the entire work force. These managers might decide to develop a standing policy to be implemented automatically each time an employee is late for work. The procedure invoked under such a standing plan is called a standard operating procedure (SOP).