TYPES OF PLANS ONLINE LECTURES – CS FOUNDATION

TYPES OF PLANS & STRATEGY ONLINE LECTURES – CS FOUNDATION

We are pleased to present CS Foundation , CS Executive and CS Professional online classes for the students preparing for CS. The entire CS course is divided into CS Foundation online classes, CS Executive online classes, and CS Professional online classes.

Regularly, we are posting articles related to CS courses. So, in this article, we have taken “Types of Plans” of Business management from CS Foundation. These notes are short, crisp and easy to understand for all.

TYPES OF PLANS CS FOUNDATION

A Plan is a commitment of resources to a particular course of action believed necessary to achieve specific results. From this point of view, there may be several types of plans, both major and minor. In order to put the organizational plan are single use plans such as budgets, programmes, projects. And other plans are standing or repeated use type as they are used time and again unless they are abandoned or modified. The standing plans include goals, objectives, policies, procedures, methods, and rules.

A higher level plan is followed by lower plans. For instance, goals and objectives are pursued by developing policies, procedures, methods, rules, etc. Now discuss the hierarchy of plans:

Objectives – Objectives are the ends towards which the activities of an enterprise are directed. They provide direction to various activities of the enterprises. They depict a future state of affairs which an organization strives to realize. Objectives serve as benchmarks for measuring the performance of various people working in the organization and overall effectiveness of the organization. They guide decision-making and action in the organization. Objectives are often expressed in quantitative, measurable and concrete terms.

For features and uses of objectives – CS Foundation Course

Strategies – The term strategy has entered the management literature comparatively much later than its use in Military Science. In management, the concept of strategy is mostly taken in a slightly different form rather than in military form. The strategy is a plan of action to achieve specified business goals in the competitive environment. A strategy involves preparing the business for unforeseen and unpredictable events. Strategies are plans made in the light of the plans the competitors because the modern business enterprise operates in a competitive environment. Strategies are a useful framework for guiding an enterprise’s thinking and action. LEARN MORE...

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