Types of Plan


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1) Objectives / Goals
a. Purpose for which the Organization exists
2) Strategies
a. A long term objective, which gives a competitive advantage to business
3) Policies
a. General statements / understanding that guides thinking in decision-making

4) Procedures
a. Plans that establish, a required method of handling future activities
5) Rules
a. Spells out specific required action or nonaction allowing no discretion

6) Programs
a. Consists of:
i. Goals / Policies / Procedures / Rules / Task assignment / Steps to be taken / resources to be employed
b. Necessary to carry out a given course of action
c. They are ordinarily supported by budget

7) Budgets
a. Statement of expected results expressed in numerical terms


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