Types of planning
Planning is a primary managerial activity that concerns about the organization’s goals and strategies for achieving those goals. When we devise a plan, we should consider the breath, specificity, frequency of use and time frame of the plan.
First, the breadth of a plan; which area of an organization a plan applies to. For instance, a business merges with another competitor for enlarging the market share of its market. This mergence is a strategic plan which a plan applies to the entire organization to meet the organizational goal. On the hand, an operational plan is about targeting a particular operational area of organization like encouraging department of design developing new products that the plan only targets on department of design.
Second, the specificity of a plan; it describes how the flexibility and clarity of the plan is. Taking the example of market share, the company establishes a directional goal by requiring market department to find a favorable competitor to merge with. It is flexible to interpret the “favorable competitor” by themselves since the plan only provides a general guidance. However, a specific plan is clearly defined that provides a clear roadmap for employee to follow without a problem of misunderstanding, but it is less flexible in operating while the situation is uncertain.
Third, frequency of use; it tells the number of use of a plan. Single-Use plan is a one-time plan for meeting the need of a unique situation like Microsoft taking over Nokia Company that happens one time only. And standing plan is an ongoing plan to provide a general guidance to act the work repeatedly, such as rules at workplace.
Lastly, the time frame of a plan; it shows how long a plan lasts for. For the time frame of a plan is more than 3 years, it called a Long-term plan. But if a plan only covers 1 year or less, it will call a Short-term plan. For other time frame, we would count it as an intermediate plan.
I have chosen DELIFRACCE as my target company
First, the breadth of a plan; which area of an organization a plan applies to. For instance, a business merges with another competitor for enlarging the market share of its market. This mergence is a strategic plan which a plan applies to the entire organization to meet the organizational goal. On the hand, an operational plan is about targeting a particular operational area of organization like encouraging department of design developing new products that the plan only targets on department of design.
Second, the specificity of a plan; it describes how the flexibility and clarity of the plan is. Taking the example of market share, the company establishes a directional goal by requiring market department to find a favorable competitor to merge with. It is flexible to interpret the “favorable competitor” by themselves since the plan only provides a general guidance. However, a specific plan is clearly defined that provides a clear roadmap for employee to follow without a problem of misunderstanding, but it is less flexible in operating while the situation is uncertain.
Third, frequency of use; it tells the number of use of a plan. Single-Use plan is a one-time plan for meeting the need of a unique situation like Microsoft taking over Nokia Company that happens one time only. And standing plan is an ongoing plan to provide a general guidance to act the work repeatedly, such as rules at workplace.
Lastly, the time frame of a plan; it shows how long a plan lasts for. For the time frame of a plan is more than 3 years, it called a Long-term plan. But if a plan only covers 1 year or less, it will call a Short-term plan. For other time frame, we would count it as an intermediate plan.
I have chosen DELIFRACCE as my target company