Unit 2: Types of Plans

Question 1

Long-range Plans

Answer 1

Long-range plans will look 3 or more years into the future

Question 2

Long-range Plans

Answer 2

• Top-level management is more likely to be involved in setting long-range plans/directions for an organization
• Everyone in an organization needs to understand what the long-term plan is. Daily events will divert attention from important tasks. People will end up working hard without achieving results.

Question 3

Intermediate-range Plans

Answer 3

Intermediate-range plans cover 1-2 years

Question 3

Short-range Plans

Answer 3

Short-range plans cover 1 year or less

Question 4

Lower-level management focus more on

Answer 4

short-range planning to help achieve the bigger goal

Question 5

Elliot Jaques suggested that people vary in their

Answer 5

capacity to think with different time horizons

Question 5

Elliot Jaques’ Time Horizons

Answer 5

• 3-month time frame: Most of us
• 1-year time frame: A few of us
• 20-year time frame: Very few of us

Question 6

Today’s Planning Complexities

Answer 6

With ever growing tech, management has been faced with issues in regard to planning

Question 7

Long-range planning for even top-level managers have become more difficult of how quickly things evolve

Answer 7

Tech has made “long” range planning shorter and shorter

Question 8

Strategic planning

Answer 8

Strategic planning is mainly used by top-level management

Question 9

Strategic planning

Answer 9

• These are long-term plans that create general directions for an organization
• This is helpful in appropriately allocating resources and tasks

Question 10

Strategic planning

Answer 10

• It all starts with having a vision for you organization (clear purpose for the organization and what it hopes to be in the future)
• Although this involved long-term planning, managers must also be dynamic

Question 11

Tactical Plans

Answer 11

Tactical plans are developed to help implement strategic plans

Question 12

Tactical plans

Answer 12

• These are typically intermediate-range plans
• In sports organizations you can this of this as the use of “special plays” or contingency plans

Question 13

Tactical Plans

Answer 13

Tactical plans often take the form of functional plans.

Question 14

Production plans

Answer 14

Dealing with work methods and technology

Question 16

Financial plans

Answer 16

Dealing with money and capital investments

Question 17

Facilities plans

Answer 17

Dealing with facilities and work layout

Question 18

Marketing plans

Answer 18

Dealing with selling/distributing goods or services

Question 19

Logistics plans

Answer 19

Dealing with suppliers and acquiring resource input

Question 20

Human resource plans

Answer 20

Dealing with building a talented workforce

Question 21

Human resource plans

Answer 21

• Identify short-term activities to implement strategic plans
• Operational plans include both standing plans and single-use plans

Question 22

Standing plans

Answer 22

policies and procedures that are used over and over again

Question 23

Single-use plans

Answer 23

used for one specific task or time period (Ex. Budget plan)

Question 24

Policy →

Answer 24

Is a standing that communicated broad guidelines for decisions and actions

Question 25

Procedure →

Answer 25

Rules that precisely describe actions that are to be taken in specific situations

Question 25

Budget →

Answer 25

A plan that commits resources to projects or activities
or additional funds.

Question 26

Zero-based budget →

Answer 26

Approached each budget period as if it were brand new and doesn’t guarantee renewal of past budg