Types of plab
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Yogita Ingle 4 years, 7 months ago
Types of Plans
(i) Objectives Objectives are the ends towards which the activities are directed. They axe the end result of every activity. e.g., increase in sale by 10%.
(ii) Strategy A strategy is a comprehensive plan to achieve the organisational objectives.
(iii) Policies Policies are genera] statements that guide thinking or channelise energies towards a particular direction.
(iv) Procedures Procedures are required steps established in advance to handle future conditions. The procedure can be defined as the exact manner in which an activity has to be accomplished.
(v) Method Methods provide the prescribed ways or manner in which a task has to be performed considering the objective.
(vi) Rule Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion.
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