What is planning and its type?

Planning is the process of deciding when, what, where and how to do a certain activity before starting to work. Various types of plans are- Operational, tactical and strategic plan, formal and informal plan, proactive and reactive plan and functional and Corporative plan.
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What are the 4 types of planning?

The 4 Types of Plans
  • Operational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. ...
  • Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. ...
  • Tactical Planning. ...
  • Contingency Planning.
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What are the 5 types of planning?

Five Types of Plans Every Manager Should Make to Achieve Enterprise Objectives!
  • Standing Plans and Single Use Plans:
  • Financial and Non-Financial Plans: Financial plans refer to monetary plans such as rising of capital, loans etc. ...
  • Formal and Informal Plans: ...
  • Project Planning and Product Planning:
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What do u mean by planning?

Planning is the process of thinking regarding the activities required to achieve a desired goal. Planning is based on foresight, the fundamental capacity for mental time travel. The evolution of forethought, the capacity to think ahead, is considered to have been a prime mover in human evolution.
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What are the 7 types of planning?

Generally, there are seven types of plan or planning:
  • Corporate plan.
  • Tactical plan.
  • Operational plan.
  • Single-use plan.
  • Standing use plan.
  • Specific plan.
  • Flexible plan.
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Planning and it's types



What are the 8 types of planning?

8 Important Types of Plans | Management
  • Plans: Type # 2. Policies:
  • Plans: Type # 3. Rules:
  • Plans: Type # 4. Procedure:
  • Plans: Type # 5. Programme:
  • Plans: Type # 6. Schedules:
  • Plans: Type # 7. Budget:
  • Plans: Type # 8. Forecasting:
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What are the 9 types of planning?

  • Traditional Budgeting.
  • Zero Based Budgeting.
  • Activity Based Budgeting.
  • Driver Based Planning.
  • Rolling Forecast.
  • Operational Planning.
  • Financial Projects Planning.
  • Sales Planning.
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What is planning and its steps?

The steps involved in the planning process are as follows: Developing of objectives. Developing tasks that are required to meet those objectives. Determining resources needed to implement those tasks. Creating a timeline.
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What is the important of planning?

Planning helps us to be accountable for what we do. Planning helps us decide how best to use our resources (people, time, money, information, equipment) so that they make the most significant contribution to achieving our goal. Planning lays the basis for us to assess and evaluate our achievements effectively.
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What are the 10 types of planning?

Following are the types of planning in management:
  • Top Level Planning. ...
  • Requestive Planning. ...
  • Imposed Planning. ...
  • Standing Planning. ...
  • Single Cycle Planning. ...
  • Routine Planning. ...
  • Creative Planning. ...
  • Corrective Planning.
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What are the two types of plan?

Plans are classified into two types known as Multi-use Plans and Single-use Plans. Other names are standing plans or repeated use plans. They are used repeatedly in situations of a similar nature.
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What are the differnt types of plans?

While there are many different types, the four major types of plans include strategic, tactical, operational, and contingency. Here is a break down of what each type of planning entails. Operational planning can be ongoing or single-use.
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What are the six types of planning?

Tip. Types of business plans include, but are not limited to, start-up, internal, strategic, feasibility, operations and growth plans.
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What are the 4 steps in planning?

The 4 Steps of Strategic Planning Process
  1. Environmental Scanning. Environmental scanning is the process of gathering, organizing and analyzing information. ...
  2. Strategy Formulation. ...
  3. Strategy Implementation. ...
  4. Strategy Evaluation.
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What is the 6 importance of planning?

(6) SET STANDARDS FOR CONTROLLING

Planning involves the setting of goals and these predetermined goals are accomplished with the help of managerial functions like planning, organising, staffing, directing and controlling. Planning provides standards against which actual performance is measured.
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What are characteristics of planning?

Characteristics of Planning – Pervasive, Primary Function, Goal Oriented, Mental Exercise, Continuous Process, Futuristic, Flexible, and Involvement of Choice.
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What are the features of planning?

Characteristics of Planning
  • Planning is goal-oriented. ...
  • Planning is looking ahead. ...
  • Planning is an intellectual process. ...
  • Planning involves choice & decision making. ...
  • Planning is the primary function of management / Primacy of Planning. ...
  • Planning is a Continuous Process. ...
  • Planning is all Pervasive.
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What are the elements of planning?

Elements of Planning:
  • Objectives: The important task of planning is to determine the objectives of the enterprise. ...
  • Forecasting: ADVERTISEMENTS: ...
  • Policies: Planning also requires laying down of policies for the easy realisation of the -objectives of business. ...
  • Procedures: ...
  • Rules: ...
  • Programmes: ...
  • Budgets: ...
  • Projects:
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What are the methods of planning?

Planning Techniques
  • Strategic Planning. Strategic planning aims to ensure employees and other stakeholders are all working towards a common goal and their energy, focus and resources are all aligned towards this. ...
  • Action Planning. ...
  • Tactical Planning. ...
  • Operational Planning. ...
  • Assumption-based Planning (ABP) ...
  • Contingency Planning.
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What are the types of planning on the basis of time?

Answer: Long Term Plan: Long term plan is the long-term process that business owners use to reach their business mission and vision. Intermediate Plan: Intermediate planning covers 6 months to 2 years. Short-term Plan: Short-term plan involves pans for a few weeks or at most a year.
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What are the 5 steps in the planning process?

5 steps of the strategic planning process
  1. Determine your strategic position.
  2. Prioritize your objectives.
  3. Develop a strategic plan.
  4. Execute and manage your plan.
  5. Review and revise the plan.
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How many types of planning are there on the basis of time?

The difference between short and long-range planning is based on the period which is kept in view while formulating a plan. Generally, short-term planning is one which covers a period from one to twelve months. Long-range planning usually covers a period of usually more than five years.
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What are the 3 types of plans?

Three major types of plans can help managers achieve their organization's goals: strategic, tactical, and operational. Operational plans lead to the achievement of tactical plans, which in turn lead to the attainment of strategic plans.
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What are the types of strategic planning?

There are three types of strategic planning that are essential to every firm: corporate, business and functional.
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What is standard planning?

Standard Plan means a set of pre-defined standards or specifications for minor land disturbing activities that may preclude the need for the preparation of a detailed plan under specific conditions. Sample 1. Sample 2.
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