Presentation Group 2
Presentation
On
Types of Plan
Submitted to: Submitted By
Dr. Sanjita Lenka Group 2
Table Contents
Definition
Introduction
Types of Plan
Conclusion
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Introduction
• A plan is a clear guide for achieving a goal. It
includes setting goals, deciding on actions, and
organizing resources to reach the goal within a
specific time. Plans help keep things on track, use
resources well, and handle any challenges along the
way.
• If companies improve how they plan, managing
and leadership will also improve. The following
steps can help businesses plan better.
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TYPES OF
PLANS
01 02 03 04 05 06
ON THE BASIS OF
ON THE BASIS OFON THE BASIS ON THE BASIS ON THE BASIS OF ON THE BASIS
RES0URCES: FUNCTION:
NATURE: OF TIME OF LEVELS OF USE:
• .SHORT RANGE • FINANCIAL • PROJECT
• FORMAL MANAGEMENT • STANDING PLAN
• MEDIUM RANGE • TOP LEVEL • NON-FINANCIAL PLANNING
• INFORMAL • SINGLE USE PLAN
• LONG RANGE (STRATEGIC) • PRODUCT
• MIDDLE LEVEL PLANNING
(ADMINISTRATIVE) • ACTIVITY
• LOWERLEVEL
PLANNING
(OPERATIONAL)
On the basis of Nature
a) Formal plan : Planning is known as formal when it
is in writing and objectives are set
b) Informal plan : it involves mere thinking on the
part of management. Informal plan may be
adopted when the number of actions to be taken
is less and that too in short period
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a) Short Range Plan : These are the plans for
On the basis of Time
guiding the day to day activity of an
enterprise. They plan to achive objective in
near future, the period of short term planning
ranges between six months to 12 months
b) Middle range plan: This plan is neither a long
range nor a short range it is also called
intermediate plan. Usually these plans are for
one to three years
c) Long range plan : These plans usually sets
long term goals for the firm’s it is planning for
much longer period. Covering a period of
three to five years
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On The Basis of
Management
a) Top level management: It is concerned with
determination of objective formulation of policies
and preparation of budgets.
b) Middle level management : It is concerned with
administrative planning (tactical planning) are
medium term plans and are intended to support
the overall strategic plan laid down by top
management
c) Lower level management : This management is
concerned with operational plans. It deals with
actual execution of operation the purpose of this
plan is to increase the efficiency the day to day
operations of the organisation
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On the Basis of Function
a) Project plan : This is a single use plan and it is
Concerned with a specific scheme such as setting
up a new steel mill or install A new plan in a
factory
b) Product plan : It refers to marketing and
production plans a marketing plan is a plan to
develop new products production plan focus on
producing desired amount of goods
c) Activity plan : It is a sword trains plan confined to
a particular activity or a job to be completed
within the prescribed time
Example:- advertisement, market analysis
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a) Standing plan : It is a plan which serves the
guidelines to managerial actions when
activity is occurred repeatedly standing
plan is used. It provides ready made
answer to the standing plan
b) Single use plan : It is a plan which designed
for a specific purpose or period. Once the
object of such plans used, they are not
used again thus these plans have a short
life. Example: programmes, budget etc.
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On the basis of
resources
a) Financial plan : It is related to monetary
aspect of the plans, these plans are
expressed in monetary terms. Financial
plans will estimate the likely resources
from which finances will be collected.
b) Non financial plan: This plan is related to
physical resources of a concern, Or the
plan that expect no monetary benefit
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Conclusion
Planning is very important to a business. The top
managers must plan their goals both short and
long terms with their competent employees and
their team of experts to analyze the pros and cons
of the plan, the investment required in the plan,
the return expected and so forth.
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Thank you
