Formal Plans & Informal Plans: Formal plans are plans which are reduced to black and white (i.e., put on paper). In other words formal plans are plans which specify in writing the specific objectives to be achieved and the steps to be taken to achieve those objectives. Formal plans are systematic and rational. They are quite necessary for the successful running of a concern.
Informal plans are mere thinking by some individuals of a concern. Of course, informal plans in future. Informal plans promote unhealthy tendencies like carelessness, ineffective employee performance, etc. informal plans are not (;’f much use for the smooth running of the enterprise.
Latest posts by BMS Team (see all)
- Meterdown Annual Festival is back with its 7th edition – Starts today! - January 16, 2020
- Tybms sem 6 results 2019 declared on 19th June 2019 - June 19, 2019
- TYBMS Sem 6 Results 2019 Update from BMS khabri! - June 15, 2019