Second part of planing Long range plans Long range plans is the job of top management In practice they may range from 3 to 5 years For example: to become a leader in its industry The time spin of long range plans cannot be stated specifically because circumstances vary from organization to organization. Intermediate plan The plans follow up once the long range plans are formulated. These plans cover a one to three year period Middle management is responsible for intermediate plans For example: to become a leader in its industry(long range plan)an organization may plan to set up districts sales offices(intermediate plans). Marketing plans The common objective of marketing plan are to increase their present market share and develop new product For example marketing plan of ETISALAT Production plans These focus on producing the desired amount of goods demanded at the marketplace Manpower plans These involve a systematic way of determining the type of personal needed in the long and short range for organization Personnel of various qualities and quantities must be recruited and made available at appropriate time Financial plan includes a series of steps for spending and saving future income This plan allocates future income to various types of expenses A financial plan sometimes refers to an investment plan Planning is important and serves many significant purposes. 1. Planning gives direction to the organization. 2. Planning reduces the impact of change. 3. Planning reduces uncertainty. 4. Planning reduces overlapping and wasteful activities. 5. Planning establishes standards Next topic about goal inshah allah . Obaidullah Zadran
Posted on: Wed, 25 Sep 2013 06:04:33 +0000
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