Goal setting is the primary function of planning. Without proper setting of goals, we can't reach the line of actions.
Plan out your work today and it will be helpful in the future for executing your plan.
Planning is required for objectives to be achieved. Planning is a commitment to a particular course of action believed necessary to achieved specific results. Planning is not a single even, but ongoing without clear beginning and end sensitive to changes in the environment surrounding each organization.
Planning involves individual plans, which are bound together in a structured manner. Planning process generally results in several specific plans.
There are different types of plans depending on the type of project:
Formal and informal Plans: Managers discussing what the plan may be, is called informal plans. After informal planning is done, documenting the decisions is called formal plan.
Short & Long term plan: Generally, the short-term plan refers to a period covering six to twelve months. Plans involving periods between three and five years are called long range plans. Time period definitions depend on the structure of the Organization.
Administrative & Operational plans: Administrative planning is very important; the organization totally depends on the administrative plan and this plan is created by the topmost administrative personals. Whereas the operational plans made by the middle level management.
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