What is planning

Question 1

What is planning?

Answer 1

• The process of setting objectives and determining how to best accomplish them.
• If planning is done properly it sets the stage for organizing, leading and controlling.

Question 2

What questions does planning help to address?

Answer 2

Have you set objectives/goals for the organization?
What must be done?
When must it be done?
Where will it be done?
How will it be done?
Why must it be done?
Who will do it?

Question 3

Types of plans

Answer 3

1. Long range
2. Short range
3. Strategic
4. Tactical
5. Operational
6. Single-use
7. Standing-use

Question 4

Longe-range

Answer 4

greater than one year
e.g. develop a new product

Question 5

Short-range

Answer 5

less than one year
e.g. hire new employees

Question 6

Strategic

Answer 6

• extensive long range plans
• created by upper management
  E.g. Launching a new product in another country

Question 7

Tactical

Answer 7

• Created by middle management.
• Focus is how to implement and take action on the strategic goals.
  E.g. Implement a marketing campaign for the product in the new country.

Question 8

Operational

Answer 8

• Created by lower management
• Concern is with shorter-term issues associated with the tactical goals.
  E.g. Hiring employees in the new country

Question 9

Single-use

Answer 9

• Used only once
• Have a specific goal/objective
• Created for unique situations
  e.g. Special project or program

Question 10

Standing-use

Answer 10

• Designed to be used again and again
  e.g. Company policies, rules and procedures