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Long term plan long term plan sets out our service

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Long term planLong-Term Plan sets out our service priorities, work programs and resource requirements suchas expenditure and funding for a 10-year period. We produce a new Long-Term Plan every threeyears, which incorporates our Annual Plan for that year.Strategic PlansStrategic plans define the framework of the organization’s vision and how the organizationintends to make its vision a reality.It is the determination of the long-term objectives of an enterprise, the action plan to beadopted and the resources to be mobilized to achieve these goals.Since it is planning the direction of the company’s progress, it is done by the topmanagement of an organization.
It essentially focuses on planning for the coming years to take the organization fromwhere it stands today to where it intends to be.The strategic plan must be forward looking, effective and flexible, with a focus onaccommodating future growth.These plans provide the framework and direction for lower level planning.Tactical PlansTactical plans describe the tactics that the managers plan to adopt to achieve the objectivesset in the strategic plan.Tactical plans span a short time frame (usually less than 3 years) and are usuallydeveloped by middle level managers.It details specific means or action plans to implement the strategic plan by units withineach division.Tactical plans entail detailing resource and work allocationamongthe subunits withineach division.Operational PlansOperational plans are developed to determine the steps necessary for achieving tactical goals.They are used as a guide for day to day operation by department managers. These plans maycover a time frame of few months, weeks or even a few days.(c) Advantages and disadvantages of management by objectiveIn its essence, management by objectives (a technique applied primarily to personnelmanagement) requires deliberate goal formulation for periods, such as the next calendar orbusiness year, where our goals are recorded and then monitored. It’s also a popular method ofemployee performance appraisal, which involves defining strategic objectives for each of ouremployee and our company. Its central idea is a joint goal and standards setting with frequentmeasurement against the standards, aligning individual and corporate goals. While this
approach has been embraced by many organizations, it’s not without its detractors. To utilize itefficiently for the business, we should know its advantages and disadvantages.Advantages are:Encourages Face-to-Face Communication.It encourages face-to-face communication between the manager and employees to identifythe degree to which the latter have achieved the standards or objectives. On balance,employees are more likely to receive information that’s detailed enough to improveperformance, given the process is done properly.

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