types of plan

Question 1

two types of plan

Answer 1

1single use plan- one time-non recurring situations- not likely to be repeated in future -duration- type of project
2 standing plan- recurring activities-regularly occur-designed to ensure internal operations run smoothly- efficiency in routine decision making
usually developed once but modified time to time

Question 2

name to plans which cannot be classified

Answer 2

-objectives - desired future position that mgmt would like to reach
-strategy - comprehensive plan for achieving org objectives

Question 3

dimensions of strategy

Answer 3

determining long term objectives
adoption of particular course of action
allocating necessary resources

Question 4

policy

Answer 4

standing
general statements that channelise energies twoards a particular direction
basis for strategy
broad parameters within which a manager may function

Question 5

proceedure

Answer 5

standing
routine steps on how to carry out activities
exact manner in which work is performed
chronological order
specified steps for particular circumstances
generally ment fir insiders

Question 6

method

Answer 6

prescribed way or manner to perform a task
proper method saves time money effort

Question 7

rule

Answer 7

specific statements
no flexibility or discretion
simplest type of plan because there is no chan ge unless a policy dec is taken

Question 8

programme

Answer 8

single use
detailed statements about a project
minute details are worked out ie policy procedure rules etc

Question 9

budget

Answer 9

statements of expected results in quantitative terms
easier to compare actual with expected figures
it is a control device