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Types of Planning
- Single Use Plans: budgets, programmes, schedules
- Multi Use Plans: objectives, strategies, policies, procedures, rules
Major Types of Plans
- Strategic Plans: describe company strategies and implementation
- Tactical Plans
- Operational Plans
- Contingency Plans
Planning Levels
- Functional
- Business
- Corporate
Key Elements of Effective Planning
- Planning early to achieve objectives
- Considering limiting factors
Additional Types and Considerations
- Formal vs. Informal
- Short vs. Long-range
- Single use vs. Standing
- Corporate vs. Long-range
- Utilizing SWOT, PESTLE analysis, and stakeholder management
Further Insights on Planning
- Overcoming limitations for benefits
- Operational plans for daily running
- Single use plans for one-time events