Short-range plans & Long-range plans: Short range plans are plans which, generally, cover a period of one year. Short range or short term plans are concerned with the determination of short term activities to accomplish long term objectives. As short term plans are intended to achieve long term objectives, short range plans have to be consistent with long range plans. Short range plans are more action-oriented, more detailed, specific and quantitative.

Advertisement

 

Long range plans which cover a period of years or more. The length of the period varies from one concern to another depending upon the nature of the business, the risks and uncertainties, government control; etc. they care concerned with the formulation of long-term goals of enterprise and the determination of the ways and means of achieving those goals.

 

Advertisement
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]
0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

*

BMS.co.in is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp
or

Log in with your credentials

or    

Forgot your details?

or

Create Account