Q2 - Q2). Which are the various types of plans you are...

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Q2). Which are the various types of plans you are familiar with? Discuss the steps involved in the planning process. Ans). Though we all have read and gone though several plans involved in the management process, following are the various familiar plans discussed and stated: 1). Purpose or Mission The mission or purpose identifies the basic function or task of an enterprise or agency or of any part of it. Every kind of organized operation has, or at least should have if it to be meaningful purposes or missions. 2). Objectives Objectives or goals are the ends towards which the activity is aimed, they are the results to be achieved. They determine not only the end point for planning but the end toward which organizing, staffing, leading and controlling are aimed. 3). Strategies These are general programs of action and deployment or resources to attain comprehensive objectives. The program of objectives of an organization and their changes, resources used to attain these objectives, and policies governing these acquisitions, use and
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This note was uploaded on 01/19/2012 for the course FINANCE 11 taught by Professor Rao during the Spring '11 term at Amity University.

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Q2 - Q2). Which are the various types of plans you are...

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